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Serial System Ltd (SERL.SI)

SERL.SI on Stock Exchange of Singapore

0.17SGD
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Serial System updates on legal proceedings
Thursday, 23 Feb 2017 06:18am EST 

Serial System Ltd : Announcement On Civil Suit . Civil suit amounting to about us$3.63 million was filed by SFIPC on behalf of certain shareholders . Civil suit has been initiated by securities and futures investors protection centre of Taiwan against company . Board does not expect civil suit to have any material financial impact on group's eps or net tangible assets for fy ending 31 december 2017 . Bull Will has insured its directors and supervisors with a us$5 million directors and supervisors liability insurance from cathay century insurance . Civil suit arose due to charges brought by public prosecutor of new Taipei district prosecutor office . Suit alleged negligence in duties by Alex Wui in preparation, auditing and approving financial reports from q3 of year 2013 to q2 of year 2015 . Civil suit filed by SFIPC on behalf of certain shareholders of Bull Will Co., Ltd against Bull Will .Civil suit arose due to charges brought by public prosecutor against Bull Will's former chairman for alleged financial statement fraud.  Full Article

Serial System Ltd updates on investment in Newstone Technology Limited
Friday, 23 Dec 2016 05:13am EST 

Pdf 1: Unit entered into a joint venture agreement with beston international (hong kong) ltd . Serial system - investment is not expected to have any material impact on earnings per share of company for current financial year ending 31 dec 2016 . . Smhk will invest 51% equity interests in newstone . Total investment of us$1.5 million in newstone by smhk will be funded through internal resources/bank borrowings .Issued and paid-up capital of newstone will be us$3mln.  Full Article

Serial System Ltd says hydra will invest 60% equity interests in Serial netcom
Wednesday, 12 Aug 2015 06:44am EDT 

Serial System Ltd:Says co's unit Hydra & Thermal Pte entered into a joint venture agreement with Compugates International Ltd (Cambodia).Agreement in relation to a newly incorporated company in Cambodia known as Serial Netcom Co. Ltd.Says hydra will invest 60% equity interests in Serial netcom.Says total investment of US$60,000 in Serial netcom by hydra will be funded through internal resources.Investment not expected to have material impact on earnings per share of company for current financial year ending 31 December 2015.  Full Article

Serial System Ltd says interim dividend
Wednesday, 5 Aug 2015 06:34am EDT 

Serial System Ltd:Says interim dividend of 0.35 cent per ordinary share.Date payable is Sept. 08.Share Transfer Books and Register of Members of the Company will be closed on Aug. 28 for the preparation of dividend warrants.  Full Article

Serial System Ltd announces incorporation of wholly owned subsidiary, Serial System International Pte. Ltd.
Tuesday, 2 Jun 2015 06:56am EDT 

Serial System Ltd:Company has incorporated a wholly owned subsidiary, Serial System International Pte.Ltd. in Singapore with share capital of S$50,000 (US$37,000) comprising 50,000 ordinary shares.Serial System International Pte. Ltd. is principally engaged in investment holding activities.The incorporation of serial system international pte. ltd. is funded by internal resources and is not expected to have any material impact on the earnings per share and net tangible assets of the company and the group for the current financial year ending Dec. 31.  Full Article

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