Key Developments: Vashion Group Ltd (VSHN.SI)

VSHN.SI on Stock Exchange of Singapore

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12 Jun 2012
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Latest Key Developments (Source: Significant Developments)

Vashion Group Ltd updates on sale agreement
Wednesday, 30 Apr 2014 04:53am EDT 

Vashion Group Ltd:Further to previous announcements, according to Supplementary Agreement on Dec. 30, 2013 and further supplementary agreement on March 31, 2014 between Vashion Group (H.K) Limited and Seleni Group Limited (Purchaser).Completion date of the proposed disposal of LGSZ shall take place by end April 2014.Board wishes to update shareholders that application and administrative process for transfer of legal title of LGSZ requires longer than expected time, Company expects completion of transfer of legal title of LGSZ could be extended to May 21, 2014.In this regard, Company had on April 30 entered into further supplementary agreement with Purchaser to extend the Completion Date to May 31, 2014 and accordingly, the 3rd and 4th tranche payment in total of S$1,000,000 by the Purchaser will also be deferred to the extended Completion Date.  Full Article

Vashion Group announces cessation of CFO
Friday, 4 Apr 2014 04:38am EDT 

Vashion Group Ltd:Says cessation of Yuen Chun Fai as chief financial officer.  Full Article

Vashion Group Ltd appoints Chief Financial Officer
Friday, 4 Apr 2014 04:06am EDT 

Vashion Group Ltd:Appoints Chan Ka Ki as Chief Financial Officer effective April 07.  Full Article

Vashion Group Ltd does not recommend dividend
Friday, 28 Feb 2014 06:26am EST 

Vashion Group Ltd:Says no dividend has been declared/recommended for the year ended Dec. 31, 2013.  Full Article

Vashion Group Ltd's Vashion Group (H.K.) Limited entry into franchise agreement
Monday, 30 Dec 2013 05:00am EST 

Vashion Group Ltd:Refers to its earlier announcement on Nov. 8 entitled entry into of Sale and Purchase Agreement in Relation to the proposed disposal by Vashion Group (H.K.) Limited, a wholly owned subsidiary of Vashion Group Ltd, of the entire share capital in Shenzhen Louis Gianni Costume Co. Ltd.Says Vashion HK and Seleni Group Limited, Vashion HK has on Dec. 30 entered into a franchise agreement with the Franchisee to grant to the Franchisee a non-exclusive right to use and sub-franchise the Louis Gianni series of trademarks which are registered in the People‚Äôs Republic of China.Says the term of the franchise agreement shall be five years, commencing on Apr. 1 2014, and ending on Mar. 31, 2019.Says an option to renew for another five years in the event that the annual franchise fees paid by the Franchisee is at least 1,800,000 Yuan during the term of the Franchise Agreement.Says the annual franchise fee shall be 1,800,000 Yuan.  Full Article

Vashion Group Ltd's subsidiary entry into of a sale and purchase agreement for sale of debt by Louis Gianni Company Limited
Monday, 30 Dec 2013 04:57am EST 

Vashion Group Ltd:Refers to its announcement on Nov. 8 entitled 'Entry into of Sale and Purchase Agreement in relation to the proposed disposal by Vashion Group (H.K.) Limited, a wholly-owned subsidiary of Vashion Group Ltd., or the entire share capital in Shenzhen Louis Gianni Costume Co. Ltd.Says Shenzhen Louis Gianni Costume Co. Ltd. (LGSZ), Louis Gianni Company Limited (Louis Gianni), a wholly owned subsidiary of Vashion Group Ltd., had on Oct. 31 entered into a sale and purchase agreement with Seleni Group Limited.Says for the sale of debt due to Louis Gianni by debtors, Asia Image Investment Limited and Berman Limited.Says such Debt being 12,859,151 Yuan and 13,757,384 Yuan from Asia Image Investment Limited and Berman Limited respectively.Says aggregate consideration of the Transaction is S$1,500,000.Says a deposit and part payment of S$800,000 to be paid upon the signing of the Debt Sale and Purchase Agreement.Says a further payment of S$300,000 to be paid on or before Nov. 22 and the remaining S$400,000 to be paid upon the completion of the transaction.  Full Article

Vashion Group Ltd Does Not Declare Dividend
Wednesday, 14 Aug 2013 03:01am EDT 

Vashion Group Ltd announced that no dividend has been declared/recommended for the period ended June 30, 2013.  Full Article

Vashion Group Ltd Issue And Allotment Of 50,000,000 Placement Shares To Mr. Agam Mirul Amri
Thursday, 18 Jul 2013 05:47am EDT 

Vashion Group Ltd announced the issue and allotment of an aggregate of 50,000,000 Placement Shares to Mr. Agam Mirul Amri at an issue price of $0.01 per Placement Share, pursuant to the Subscription Agreement, Supplemental Agreement, 2nd Supplemental Agreement and 3rd Supplemental Agreement entered into between the Company and Mr. Agam Mirul Amri. These new shares will be listed only with the resumption of trading in the Shares in the Company.  Full Article

Vashion Group Ltd Announces Appointment Of Chief Financial Officer
Monday, 1 Jul 2013 04:57am EDT 

Vashion Group Ltd announced that Yuen Chun Fai has been appointed as Chief Financial Officer with effect from July 1, 2013. CFO will be responsible for the full spectrum of group financial reporting, budgeting, tax compliance, financial analysis, appraisal and disposal of assets and investments, regulatory and risk compliance.  Full Article

Vashion Group Ltd Does Not Declare Dividend
Thursday, 28 Feb 2013 04:53am EST 

Vashion Group Ltd announced that no dividend has been declared or recommended for the financial year ended December 31, 2012.  Full Article

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