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Sysma Holdings Ltd Announces Disposal Of 300,000 Ordinary Shares


Friday, 19 Jul 2013 05:45am EDT 

Sysma Holdings Limited announced that the Company has disposed of 30% equity interest, comprising 300,000 ordinary shares, in the share capital of its wholly-owned Singapore subsidiary, Sysma Properties Pte. Ltd (SPPL), for a total cash consideration of SGD300,000.00 which was arrived on a willing-buyer, willing-seller basis, to an unrelated third party. The consideration for the Sale Shares is based on the net tangible asset value of SPPL as at May 31, 2013 of approximately SGD1 million and was satisfied in cash on completion. Subsequent to the above transaction, SPPL will become a 70%-owned subsidiary of the Company. 

Company Quote

0.25
-0.0050 -1.96%
9 Jul 2014