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Singapore Post Ltd Completes Acquisition Of 62.5% Of Famous Holdings Pte Ltd

Wednesday, 20 Feb 2013 04:39am EST 

Singapore Post Ltd announced that with reference to the previous announcement dated January 18, 2013, relating to the acquisition of shares in Famous Holdings Pte Ltd (FHPL) pursuant to the share purchase agreement (the Agreement) entered into with Tan Ho Sung @ Taufiq Tan (the Seller). Under the Agreement, the Company had agreed to purchase from the Seller 625,000 ordinary shares (the Sale Shares) in FHPL, representing 62.5% of the total number of issued shares of FHPL; and the Seller had granted to the Company a call option (the Call Option) and the Company had granted to the Seller a put option (the Put Option), in respect of the balance ordinary shares in FHPL held by the Seller representing 37.5% of the remaining issued shares of FHPL. The Board wishes to announced that the acquisition of the Sale Shares was completed on February 20, 2013, and the Company now holds (through wholly owned subsidiary, SingPost Logistics Investments Pte. Ltd.) 62.5% of the total number of issued shares of FHPL. 

Company Quote

0.08 +4.04%
23 Jan 2015