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P99 Holdings Ltd (PHOL.SI)

PHOL.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

P99 Holdings signs deal to buy UES Holdings from Giant Maze for S$65 mln
Monday, 3 Oct 2016 07:31am EDT 

P99 Holdings Ltd : On 30 sept 2016, entered into conditional sale and purchase agreement to acquire 100% of issued share capital of UES Holdings Pte. Ltd. .Co to buy Ues Holdings from Giant Maze for an aggregate purchase consideration of S$65 million.  Full Article

Chip Eng Seng Corp terminates proposed share subscription in P99 Holdings
Thursday, 23 Jun 2016 06:50am EDT 

Chip Eng Seng Corporation Ltd : Termination of the proposed subscription of new ordinary shares of P99 Holdings Limited) . Refers to announcement dated 24 May 2016 in respect of the proposed issuance by P99 Holdings . Termination of proposed subscription not expected to have material adverse impact on earnings per share for FY ending 31 December 2016 .  Full Article

P99 Holdings enters into LOI with Chip Eng Seng Corp Ltd
Tuesday, 24 May 2016 08:07am EDT 

P99 Holdings Ltd : Entered into a letter of intent with chip eng seng corporation ltd . Entered into a letter of intent with chan tuck cheong and yang yongbo . Loi in respect of proposed issuance by the company of 505 million new ordinary shares to the subscriber . Aggregate subscription consideration for the proposed subscription is s$49.7 million . Loi with chan tuck regarding acquisition of capital of Fujian hubang building materials technology and quanzhou yongbang investment and management . Says "intends to expand its current business to include the proposed acquisition and the property business" . Says plans to restrict the property business to certain geographical markets which include Vietnam, myanmar, and the prc .  Full Article

P99 Holdings teminates agreement related to acquisition of Barito Pte. Ltd
Tuesday, 24 May 2016 08:07am EDT 

P99 Holdings Ltd : Proposed acquisition - termination of sale and purchase agreement) . Company, the target and the vendors, the new vendor have decided to mutually terminate the proposed acquisition . Will update shareholders on whether termination will have adverse impact on earnings per share for financial year . Refers to proposed acquisition of 95.95% of the issued share capital of Barito Pte. Ltd. .  Full Article

P99 Holdings Ltd proposed acquisition of 95.95% of the issued share capital of Barito Pte. Ltd
Monday, 31 Aug 2015 09:44am EDT 

P99 Holdings Ltd:Proposed acquisition of 95.95% of the issued share capital of Barito Pte. Ltd.Entered into a conditional sale and purchase agreement with the Vendors in relation to the Proposed Acquisition.Pursuant to which the Company has agreed to purchase of 95.95% the issued and paid-up share capital of the Target from the Vendors for a purchase consideration of $163,115,000.The Proposed Acquisition, if it proceeds to completion, is expected to result in a Reverse Takeover of the Company.  Full Article

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