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Singapore Post Ltd's subsidiary announces acquisition of entire issued and paid-up share capital of Store House Ltd


Thursday, 10 Jul 2014 05:53am EDT 

Singapore Post Ltd:Says its wholly-owned subsidiary, General Storage Company Pte Ltd enters into a share sale and purchase agreement with (a) Gary Philip Beadell, (b) Emely Sumajit Beadell and (c) Rupert Charles Skrine (collectively, the Vendors).Agreed to purchase from the Vendors the entire issued and paid-up share capital of The Store House Ltd.Completion of the Acquisition is targeted to take place by Sept. 30.Aggregate consideration for the Acquisition is up to HK$75.00 mln (equivalent to about S$12.12 mln).