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WE Holdings Ltd announces memorandum of understanding for proposed disposal of WE Components Pte. Ltd


Sunday, 13 Jul 2014 05:00am EDT 

WE Holdings Ltd:Enters into non-binding memorandum of understanding (MOU) with Jubilee Industries Holdings Ltd. for disposal of entire issued and paid-up share capital.Consisting of 9,276,797 ordinary shares of WE Components Pte. Ltd. (WEC) from the Company.Consideration for sale and purchase of Sale Shares shall be paid in cash, and shall be an amount to be mutually agreed upon between the Company and Vendor.Says which shall be calculated based on net tangible asset value (NTA) of the inventories, plant and equipment of WEC based on the audited accounts of WEC for FY ended March 31, plus premium to be agreed upon between the Company and the Purchaser.Entered into definitive agreement to set out the definitive terms and conditions for the sale and purchase of the Sale Shares on or before Aug. 31 (Cut-Off Date). 

Company Quote

0.01
-0.0010 -9.09%
16 Sep 2014