Asset Acquisitions and Disposals::ACQUISITION OF SHARES IN KIM LEONG DEVELOPMENT PTE LT

Issuer & Securities

Issuer/ Manager
HEETON HOLDINGS LIMITED
Securities
HEETON HOLDINGS LIMITED - SG1O44912994 - 5DP
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
08-Dec-2014 18:36:49
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN KIM LEONG DEVELOPMENT PTE LT
Announcement Reference
SG141208OTHR500Q
Submitted By (Co./ Ind. Name)
LOW YEE KHIM
Designation
EXECUTIVE DIRECTOR/CHIEF OPERATING OFFICER
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Heeton Holdings Limited (the "Company") is pleased to announce that the Company s wholly-owned subsidiary, Heeton Properties Pte. Ltd. has acquired 16.44% of the shares in Kim Leong Development Pte Ltd at a total consideration of S$1.00 (the Acquisition ).

Following the Acquisition, Heeton Properties Pte. Ltd. owns 100% of the issued and paid-up capital of Kim Leong Development Pte Ltd.

The Acquisition is funded by internal resources and is not expected to have a material impact on the earnings per share or net tangible assets per share of the Company for the current financial year ending 31 December 2014.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the proposed transaction, save through his shareholding in the Company (if any).





On behalf of the Board



Low Yee Khim
Executive Director and Chief Operating Officer
8 December 2014