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Subzero Group Ltd Announces Acquisition Of 26% Shareholding In DMST Pty Ltd And Harness Master Wiring Systems Pty Ltd

Monday, 1 Jul 2013 04:31am EDT 

Subzero Group Ltd announced that it has completed the acquisition of the 26% shareholding in HMWS and DMST not previously owned by SZG for a purchase price of $809,000 paid as to $659,000 in cash and $150,000 by the issue of 600,000 SZG shares at 25ยข per share. HMWS and DMST are part of the SZG Mining Services Division. The shares in HMWS and DMST were acquired from entities associated with the current Operations Manager of the Mechanical Services Division. HMWS and DMST operate from newly leased premises at Rutherford and ard engaged in servicing, repair, maintenance and refurbishment of mining infrastructure equipment and vehicles and designing and manufacturing industry electrical harness equipment for mining and road going vehicles. 

Company Quote

31 Dec 2014