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Sinwa Ltd Announces Disposal Of Company’s 70% Shareholding Interest In Ams Marine Pte. Ltd. And Ams Engineering Pte. Ltd.


Wednesday, 6 Feb 2013 07:59am EST 

Sinwa Ltd announced that the Company has entered into a Sale and Purchase Agreement (the Agreement) with its joint venture partner, SZW Investments Pte. Ltd. (SZW) and GZC Investments Pte. Ltd. (GZC) on February 6, 2013. Pursuant to the Agreement, the Company will sell to its joint venture partner, SZW the Company’s entire 70% shareholding interest in AMS Marine Pte. Ltd (AMSM) and the Company will sell to its other joint venture partner, GZC the Company’s entire 70% shareholding interest in AMS Engineering Pte. Ltd. (AMSE), for the total consideration of SGD2,800,000.00 (the Consideration), upon the terms and subject to the conditions of the Agreement (the Proposed Disposal). 

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23 Dec 2014