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Tritech Group Ltd Announces Incorporation Of Subsidiaries In Connection With Proposed Spin-Off


Tuesday, 9 Jul 2013 06:57am EDT 

Tritech Group Ltd announced that the Company has incorporated the following wholly-owned subsidiaries in preparation for the proposed restructuring that may be carried out in connection with the proposed spin-off (the Proposed Spin-Off) of its subsidiaries in the business of quarrying, extraction and production of dimension stones and other marble-related products (Relevant Subsidiaries) and the proposed listing of the Relevant Subsidiaries on the Stock Exchange of Hong Kong (SEHK) (the Proposed Listing), further details of which are set out in the announcement dated September 14, 2012: Terratech Group Limited and Qingdao Terratech Resources Co Ltd. Separately, the Board of Directors also announced the incorporation of the following wholly-owned subsidiaries: TGL Engineering Group Pte. Ltd., incorporated in Singapore with an issued and paid up capital of S$1.00 comprising 1 ordinary share which has been allotted and issued and is held directly by the Company. Its principal activity is that of an investment holding company; and Tritech Water & Environment Group Limited, incorporated in the Cayman Islands with an authorised share capital of HKD380,000 divided into 38,000,000 shares with a par value of HDD0.01 each, of which one share has been allotted and issued and is held directly by the Company. Its principal activity is that of a holding company which provides integrated water management and environmental solutions. 

Company Quote

0.144
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21 Nov 2014