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Europtronic Group Ltd Updates On Proposed Sale Of Entire Issued And Paid-up Share Capital Of Europtronic (Singapore) Pte Ltd To WE Holdings Ltd


Monday, 23 Sep 2013 05:19am EDT 

Europtronic Group Ltd referred to its announcement dated September 13, 2013 in relation to the proposed sale of the entire issued and paid-up share capital of Europtronic (Singapore) Pte Ltd to WE Holdings Ltd at a consideration of SGD6,820,000. The Company had submitted an application to the Singapore Exchange Securities Trading Limited for the purpose of seeking a ruling as to whether the Sale is to be subject to the approval of the shareholders of the Company. The Company had, on September 20, 2013, received a response from the SGX-ST. The SGX-ST has ruled that the Sale will have to be subject to shareholders’ prior approval. Accordingly, the Company will be seeking the approval of its shareholders for the Sale at an extraordinary general meeting to be convened and a circular containing, inter alia, information relating to the Sale and the notice of extraordinary general meeting will be despatched to shareholders in due course. 

Company Quote

0.01
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24 Dec 2014