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Sin Heng Heavy Machinery Ltd announces acquisition of 50% equity interest in Sh Equipment Pte. Ltd.

Thursday, 23 Jan 2014 04:27am EST 

Sin Heng Heavy Machinery Ltd:Refers to the announcement made earlier, in relation to the establishment of joint venture and incorporation of SH Equipment Pte. Ltd. (SH Equipment) and SH Equipment (Myanmar) Company Limited (SH Equipment (Myanmar)).Says it has on Jan. 23 acquired a 50 pct equity interest in SH Equipment from its joint venture partner, Starhigh Asia Pacific (Pte Ltd) (the acquisition).Says upon completion of the acquisition, SH Equipment shall become a wholly owned subsidiary of the company.Says the purchase consideration is S$367,176.28.Says the consideration payable by the company to Starhigh Asia Pacific (Pte Ltd) was satisfied wholly in cash. 

Company Quote

31 Jul 2015