General Announcement::Increase in Issued and Paid-Up Share Capital of Subsidiary, ECICS Limited

Issuer & Securities

Issuer/ Manager
IFS CAPITAL LIMITED
Securities
IFS CAPITAL LIMITED - SG1A35000706 - I49
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Dec-2014 17:30:14
Status
New
Announcement Sub Title
Increase in Issued and Paid-Up Share Capital of Subsidiary, ECICS Limited
Announcement Reference
SG141218OTHROOJE
Submitted By (Co./ Ind. Name)
Chionh Yi Chian/ Angeline Ng
Designation
Company Secretary/ Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
IFS Capital Limited (the "Company") wishes to announce that its wholly-owned subsidiary, ECICS Limited ("ECICS"), has on 18 December 2014 increased its issued and paid-up share capital from S$35,000,000 to S$45,000,000. This is in line with ECICS' plan to expand its general insurance business.

The above transaction is not expected to have any material financial impact on the earnings per share or the net tangible assets value per share of the IFS Group for the current financial year.

By Order of the Board

Chionh Yi Chian/ Angeline Ng
Company Secretary/ Assistant Company Secretary
18 December 2014
Singapore