Key Developments: Silverlake Axis Ltd (SLVX.SI)

SLVX.SI on Stock Exchange of Singapore

1.13SGD
11 Jul 2014
Price Change (% chg)

$-0.01 (-0.87%)
Prev Close
$1.14
Open
$1.15
Day's High
$1.15
Day's Low
$1.13
Volume
447,000
Avg. Vol
2,453,855
52-wk High
$1.22
52-wk Low
$0.69

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Latest Key Developments (Source: Significant Developments)

Silverlake Axis announces third interim dividend
Tuesday, 6 May 2014 07:33am EDT 

Silverlake Axis Ltd:Declares third interim dividend of S$0.01 per share.Payable on June 9 of record date May 22.  Full Article

Silverlake Axis Ltd proposes interim dividend
Tuesday, 11 Feb 2014 04:45am EST 

Silverlake Axis Ltd:Proposes a tax exempt (one-tier) interim dividend of S$0.009 per ordinary share.Says the interim dividend will be payable on Mar. 14.  Full Article

Silverlake Axis Ltd Announces Use Of Proceeds From Placement Of 100,000,000 Placement Shares
Tuesday, 19 Nov 2013 04:25am EST 

Silverlake Axis Ltd announced that further to the announcements on May 29, 2013, June 6, 2013 and June 12, 2013 in relation to the placement of 100,000,000 new ordinary shares in the capital of the Company at a price of SGD0.75 for each placement share and the announcement on July 3, 2013 in relation to the use of the proceeds from the placement, the Board of Directors of the Company wishes to announce that out of the balance of the net proceeds of the placement of RM141.0 million, RM11.2 million has been disbursed and utilised to pay for the second tranche payment of the acquisition of 80% of the issued share capital of Merimen Ventures Sdn. Bhd. Details of the acquisition were announced by the Company on March 4, 2013 and April 10, 2013. Such use of the net proceeds is in accordance with the intended use of proceeds previously disclosed in the Company’s announcement dated May 29, 2013.  Full Article

Silverlake Axis Ltd Proposes First Interim Dividend
Monday, 11 Nov 2013 05:32am EST 

Silverlake Axis Ltd announced that it proposed a tax exempt one-tier first interim cash dividend of 0.8 singapore cent per ordinary share. The interim dividend will be payable on December 13, 2013.  Full Article

Silverlake Axis Ltd Announces Dividend
Monday, 26 Aug 2013 05:42am EDT 

Silverlake Axis Ltd announced that the Board has declared final dividend of Singapore SGD0.011 per share, total dividend in FY2013 would amount to Singapore SGD0.031 per share, an increase of 63% over total dividend of SGD0.019 paid for FY2012.  Full Article

Silverlake Axis Ltd's Cyber Village Sdn Bhd To Implement New Internet Banking System For Bank Rakya
Tuesday, 9 Jul 2013 05:16am EDT 

Silverlake Axis Ltd announced that Cyber Village Sdn Bhd (CVSB), a wholly owned-subsidiary of the Company, has secured a contract from Bank Rakyat, to implement a new internet banking system. Under the contract, CVSB will supply, install, integrate, test, implement and commission hardware, software and services for Bank Rakyat’s new internet banking system. In addition, CVSB will provide maintenance services to the system for five years as part of the contract.  Full Article

Silverlake Axis Ltd Completes Acquisition Of Cyber Village Sdn Bhd
Wednesday, 3 Jul 2013 06:03am EDT 

Silverlake Axis Ltd announced that in relation to the Proposed Acquisition of Cyber Village Sdn Bhd (CVSB) by Silverlake Axis Ltd (the Company or SAL), the Board of Directors announced that the Proposed Acquisition has been completed on July 3, 2013. Following the completion of the Proposed Acquisition, CVSB has become a wholly owned subsidiary of the Company.  Full Article

Silverlake Axis Ltd Announces Completion Of The Proposed Placement
Wednesday, 12 Jun 2013 06:35am EDT 

Silverlake Axis Ltd announced that the Placement Agent has successfully placed out an aggregate of 150,000,000 Placement Shares at the Placement Price of SGD0.75 for each Placement Share. Pursuant to the Proposed Placement, the Company has issued and allotted 100,000,000 New Shares in accordance with the terms and conditions of the Placement Agreement. The New Shares are expected to be listed and quoted on the Official List of the SGX-ST on June 13, 2013.  Full Article

Silverlake Axis Ltd Announces Proposed Acquisition Of Entire Issued Share Capital Of Cyber Village Sdn Bhd
Wednesday, 22 May 2013 05:28am EDT 

Silverlake Axis Ltd announced that on May 22, 2013, the Company had entered into a Sale and Purchase Agreement (Agreement) with Brightsphere Sdn Bhd (the Vendor), and Shieh Yee Bing and Sua Shii Huey, as guarantors, in respect of the Proposed Acquisition. Upon the completion of the Proposed Acquisition, CVSB shall become a wholly-owned subsidiary of the Company. CVSB was incorporated under the laws of Malaysia on 25 November 1996. CVSB is a e-business solutions pioneer, ASEAN providing and mobile financial services, portals, customer loyalty and e-commerce solutions and services for clients in various industries. The consideration for the Proposed Acquisition (Consideration) shall be MYR42,296,000. The Consideration shall be settled by cash in three tranches as follows: Tranche 1: On the completion of the Agreement, the Company shall pay the Vendor MYR39,296,000; Tranche 2: Within 21 days from December 31, 2014, the Company shall pay to the Vendor a sum of RM1,200,000; Tranche 3: Within 21 days from December 31, 2015, the Company shall pay to the Vendor a sum of MYR1,800,000. The Consideration will be financed using the internal resources of the Company.  Full Article

Silverlake Axis Ltd Announces Interim Dividend
Friday, 10 May 2013 05:16am EDT 

Silverlake Axis Ltd announced that the directors have proposed a tax exempt (one-tier) interim dividend of Singapore cents 0.8 per ordinary share. The interim dividend will be payable on June 11, 2013.  Full Article

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