SHC Capital Asia Ltd (SHCC.SI) Key Developments | Reuters.com
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SHC Capital Asia Ltd completes proposed disposal of SHC Insurance Pte. Ltd.


Friday, 1 Aug 2014 06:43am EDT 

SHC Capital Asia Ltd:Proposed disposal has been completed pursuant to which the Company has disposed of entire issued and paid-up share capital of SHC Insurance Pte. Ltd. (SHCI) and SHCI has therefore ceased to be a subsidiary of the Company.In accordance with the terms and conditions of the SPA, the purchaser has paid to the company cash amounting to about S$112.925 mln, being the completion tranche consideration amount of about S$113.950 mln less transfer amount of S$1.025 mln. 

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