General Announcement::AN UPDATE ON THE PROPOSED DISPOSAL OF ADDVALUE COMMUNICATIONS PTE LTD

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-May-2014 18:13:22
Status
New
Announcement Sub Title
AN UPDATE ON THE PROPOSED DISPOSAL OF ADDVALUE COMMUNICATIONS PTE LTD
Announcement Reference
SG140514OTHRXH7M
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
AN UPDATE ON THE PROPOSED DISPOSAL BY ADDVALUE TECHNOLOGIES LTD OF 100% OF THE ORDINARY SHARE CAPITAL OF ITS WHOLLY-OWNED SUBSIDIARY, ADDVALUE COMMUNICATIONS PTE LTD, TO AN UNRELATED THIRD PARTY BUYER FOR A CASH CONSIDERATION OF S$330,000,000.

For details, please refer to the attachment.

Attachments

AVT-Update_Announcement_140514.pdf
Total size =28K