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Sapphire Corporation Ltd proposes divestment of shares


Friday, 25 Apr 2014 10:31pm EDT 

Sapphire Corporation Ltd:Says its wholly-owned subsidiary, Sapphire Mineral Resources Pte Ltd (SMRPL)and Sapphire Corporation (company), enters into conditional sale and purchase agreement dated April 25.With Propitious Holdings Company Limited (Purchaser), pursuant to which Company and SMRPL have agreed to sell their effective interest.Says Company and SMRPL sells interest in 100 pct of ordinary shares of Sapphire Mineral Resources (HK) Limited (SMRHK).Says Company and SMRPL sells interest in 100 pct of ordinary shares of Lucky Art Holdings Limited (Lucky Art).Says Company and SMRPL sells interest in 16 pct of ordinary shares of Prime Empire Limited (Prime Empire).Says 16 pct of ordinary shares of Precise Skill Limited (Precise Skill).Cash consideration is S$70 mln. 

Company Quote

0.078
0.0040 +5.41%
19 Sep 2014