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Pollux Properties Ltd Announces Transfer Of Shareholdings In Asia Excel Pte. Ltd. To Pollux Monet Pte. Ltd And Disposal Of Pollux Monet Pte. Ltd.


Wednesday, 3 Jul 2013 09:31am EDT 

Pollux Properties Ltd on June 28, 2013, transferred all of its 16% shareholding interest in the issued and paid-up share capital of Asia Excel Pte. Ltd., to Pollux Monet Pte. Ltd. (Pollux Monet), a wholly-owned subsidiary of the Company, for an aggregate consideration of SGD1,280,000 (the Transfer). The Company had, on 2 July 2013, entered into a sale and purchase agreement (the Sales Agreement) with Wei Kiat Holdings Pte. Ltd. (the Purchaser, who is not related to any of the Directors or controlling shareholders of the Company), pursuant to which the Company has agreed to sell the entire issued and paid-up share capital of Pollux Monet to the Purchaser for an aggregate consideration of SGD2.00 (the Sale). 

Company Quote

0.073
-0.0050 -6.41%
22 Aug 2014