ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: INCORPORATION OF NEW SUBSIDIARY - CEMERLANG PTE. LTD.

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Name of Announcer *: SATS LTD.
Company Registration No.: 197201770G
Announcement submitted on behalf of: SATS LTD.
Announcement is submitted with respect to *: SATS LTD.
Announcement is submitted by *: S. Prema
Designation *: Joint Company Secretary
Date & Time of Broadcast: 03-Feb-2014 18:30:36
Announcement No.: 00095

ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

INCORPORATION OF NEW SUBSIDIARY - CEMERLANG PTE. LTD.

Description

SATS Ltd. (the "Company") wishes to announce that it has on 3 February 2014, incorporated a wholly-owned subsidiary Cemerlang Pte. Ltd. (CPL). CPL is set up primarily as an investment holding company with an initial issued and paid up share capital of S$2 consisting of 2 shares of S$1 each.

The above transaction is not expected to have any material impact on the Company's net tangible assets and consolidated earnings per share for the current financial year.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the above transaction, other than through their respective interests (if any) in the Company.

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