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SHC Capital Asia Ltd says termination of call option to acquire up to 55 pct of issued and paid up share capital of PT Asuransi Parolamas


Wednesday, 13 Aug 2014 05:26am EDT 

SHC Capital Asia Ltd:Announces that after taking into account inter alia results of review of Parolamas and Founders request for termination of call option agreement and related agreements, each of Company.Says Founders and Parolamas have entered into an agreement to terminate call option agreement, investment and shareholders agreement and technical services agreement.Pursuant to call option agreement, SHCI had deposited sum of S$300,000 with the Founders.Termination shall take effect from date of receipt by company of repayment of the deposit from the founders, such date being no later than Aug. 19. 

Company Quote

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28 Nov 2014