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Polaris Ltd (POLA.SI)

POLA.SI on Stock Exchange of Singapore

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23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Polaris Ltd says Q1 net profit S$180,000
Friday, 12 May 2017 05:31am EDT 

May 12 (Reuters) - Polaris Ltd ::Q1 net profit 180,000 SGD.Group's turnover increased by 28.8% from S$17.67 million in Q1 2016 to S$22.75 million in Q1 2017.  Full Article

Polaris Ltd announces change of shareholding in subsidiaries
Tuesday, 11 Apr 2017 06:34am EDT 

Polaris Ltd : Company has on 11 April 2017 subscribed for 2.5 million new ordinary shares in capital of polaris KKC Holdings Pte. Ltd. . Aggregate value of consideration for KKC shares is USD1 million in cash based on issue price of USD0.40816 for each KKC share . Following subscription, co's shareholding in Polaris KKC has increased from 70% to 85.3% of total issued and paid-up share capital of Polaris KKC. . Subscription are not expected to have any material impact on consolidated earnings per share of company and group for FY ending 31 Dec 2017 . Following subscription, Polaris KKC's shareholding in CM Polaris has increased from 66.7% to 83.7% of issued and paid-up share capital of CM Polaris . Polaris kkc has on 11 April 2017 subscribed for 3.6 million new ordinary shares in capital of CM Polaris Pte. Ltd .Aggregate value of consideration for CM shares is USD1 million in cash based on issue price of USD0.27847 for each CM share.  Full Article

Trikomsel issues statement from Trikomsel Noteholder Steering Committee
Wednesday, 5 Oct 2016 01:21am EDT 

Trikomsel: Issues statement from Trikomsel Noteholder Steering Committee . Trikomsel Noteholder Steering Committee - Unsecured and secured creditors have agreed to convert a significant amount of existing debt into equity of co . Trikomsel Noteholder Steering Committee - Under composition plan ratified by court, all SGD notes will be exchanged for 25% of restructured co’s fully diluted equity . Trikomsel Noteholder Steering Committee - Proposed that 25% equity stake allocated to noteholders be held in a Singapore law governed trust arrangement . Trikomsel Noteholder Steering Committee - Understands that co continues to be a going concern . Trikomsel Noteholder Steering Committee - Also notes significant dilution of original shareholders under plan, including stakes previously held by Polaris Ltd and Softbank .Trikomsel Noteholder Steering Committee - Understands that co currently unable to make payment on its secured and unsecured liabilities, including SGD notes.  Full Article

Polaris Ltd says unit acquired a shelf company incorporated in Malaysia
Wednesday, 23 Sep 2015 07:21am EDT 

Polaris Ltd:Says unit acquired a shelf company incorporated in Malaysia as its wholly-owned subsidiary.Acquisition of PMSB is not expected to have any material effect on consolidated NTA per share and EPS of co and group for FY ending 31 December 2015.  Full Article

Polaris Ltd announces incorporation of wholly-owned subsidiary
Thursday, 23 Jul 2015 05:35am EDT 

Polaris Ltd:Announce that the Company has incorporated Polaris TMT Limited a wholly-owned subsidiary in Hong Kong.Says principal activity is trading.  Full Article

More From Around the Web

BRIEF-Polaris Ltd announces change of shareholding in subsidiaries

* Company has on 11 April 2017 subscribed for 2.5 million new ordinary shares in capital of polaris KKC Holdings Pte. Ltd.

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