United Fiber: Sale Of Poh Lian Construction For S$1.

19 Dec 2014 10:46

United Fiber System Limited has on 18 December 2014 entered into a conditional share purchase agreement with Dragonext Limited, an independent third party, for the disposal of the entire issued and paid-up share capital of Poh Lian Construction (Pte.) Ltd. owned by the Company, being 15,000,000 ordinary shares in the issued and paid-up share capital of PLC, on an as-is-where-is basis, for a nominal sum of S$1.00. DGN is incorporated in the British Virgin Islands and its principal business is investment holding. The gain on disposal for the UFS Group is US$16.92 million...

Attachments: