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Sysma Holdings Ltd Completes Purchase Of 60% Equity Stake In GCAP Properties Pte Ltd


Wednesday, 24 Jul 2013 06:45am EDT 

Catalist-listed Sysma Holdings Limited announced that it has completed the purchase of 60% of the issued and paid up share capital of Gcap Properties Pte Ltd at an aggregate purchase consideration of SGD21,952,838. The purchase consideration comprised SGD7,440,000 and SGD14,512,838 for the irrevocable and unconditional assignment of the Shareholder’s Loan. Sysma had paid the sum of SGD15,512,838 as a deposit and the balance of SGD6,440,000 is by way of Sysma allotting and issuing 28,000,000 new ordinary shares at an issue price of SGD0.23 per Consideration Share. 

Company Quote

0.255
0.015 +6.25%
22 Jul 2014