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Pan-United Corporation Ltd (PANU.SI)

PANU.SI on Stock Exchange of Singapore

23 May 2017
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$0.01 (+1.43%)
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Latest Key Developments (Source: Significant Developments)

Pan-United proposes de-merger of ports business as a separate listed entity
Wednesday, 3 May 2017 04:19am EDT 

May 3 (Reuters) - Pan-united Corporation Ltd ::Proposed de-merger of ports business as a separate listed entity.Proposed de-merger of Xinghua Port Holdings Pte. Ltd. as a separate listed entity.Upon completion of de-merger, proposed PanU Group and Xinghua will continue operations as independent entities.Plans to undertake a renounceable non-underwritten rights issue of up to 141.5 million new ordinary shares.Offer at an issue price of S$0.43 per rights share.Estimated gross proceeds from rights issue are S$60.9 million.Xinghua plans to capitalise an existing S$102.0 million inter-company loan extended by PanU to Xinghua into newly issued Xinghua shares.PanU intends to use proceeds to partially retire co's external debt that was obtained to acquire additional equity stake in SCD in 2013.Upon completion of proposed restructuring, PanU intends to undergo a capital reduction exercise.  Full Article

Pan-United corporation entered into agreement with Sedgefield Corporation
Tuesday, 4 Oct 2016 08:02am EDT 

Pan-united Corporation Ltd : Deal for a cash consideration of s$29.9 million . Has entered into a sale and purchase agreement with Sedgefield Corporation Pte. Ltd. .Deal to divest its entire equity stakes in units Pan-United Shipping Pte Ltd And P.U. Vision Pte Ltd.  Full Article

Pan-United Corp Ltd announces members' voluntary liquidation of subsidiary
Wednesday, 1 Jul 2015 05:48am EDT 

Pan-United Corp Ltd:Group's 80 pct owned subsidiary, Priscojaya Sdn. Bhd., a company incorporated in Malaysia, has been liquidated pursuant to members' voluntary liquidation.The liquidation of Priscojaya Sdn. Bhd. is not expected to have any material impact on the net tangible assets per share and earnings per share of the company or the Group for the financial year ending Dec 31.  Full Article

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