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See Hup Seng Ltd Announces Acquisition Of Entire Issued And Paid Up Share Capital Of Axxmo International Pte Ltd

Wednesday, 7 Nov 2012 04:23am EST 

See Hup Seng Ltd announced that it has entered into a conditional sale and purchase agreement (the Agreement) with Lee Ah Nak and Tan Tooh Meng at Tan Toh Meng (collectively, the Vendors) to purchase the entire issued and paid up share capital of Axxmo International Pte Ltd (Axxmo) at a cash consideration of SGD1,309,000 (the Purchase Consideration) (the Acquisition). Following completion of the Acquisition, Axxmo will become a wholly owned subsidiary of the Company. Axxmo is a private limited company incorporated in Singapore with an issued and paid up share capital of S$500,000 comprising 500,000 ordinary shares. The Vendors are the registered and beneficial owners of the entire issued share capital of Axxmo each holding 250,000 issued and fully paid up ordinary shares in the share capital of Axxmo. Axxmo is principally engaged in the business of distribution of refined petroleum products in Singapore. 

Company Quote

-0.0050 -1.69%
25 Aug 2014