Asset Acquisitions and Disposals::Joint Venture Company, SGX MySteel Index Company Private Limited

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
30-Aug-2019 17:19:50
Status
New
Announcement Sub Title
Joint Venture Company, SGX MySteel Index Company Private Limited
Announcement Reference
SG190830OTHR9MO7
Submitted By (Co./ Ind. Name)
Ding Hui Yun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
JOINT VENTURE COMPANY, SGX MYSTEEL INDEX COMPANY PRIVATE LIMITED

Singapore Exchange Limited (the "SGX", and together with its subsidiaries, the "Group") refers to the previous announcement of 29 January 2019 relating to the incorporation of a joint venture company, SGX MySteel Index Company Private Limited (SMI), with 50% of SMI, 100,000 ordinary shares of S$1 each, held through its wholly-owned subsidiary, Asian Gateway Investments Pte. Ltd. (AGI), and the remaining 50% held through by its joint venture partner, Shanghai Ganglian E-Commerce Holdings Co., Ltd (SGEH). The shares in SMI were not yet fully paid-up on 29 January 2019, the date of incorporation.

SGX wishes to announce that on 30 August 2019, the shares in SMI have been fully paid by AGI and SGEH in cash. The issued and paid-up capital of SMI is $200,000. AGI's subscription consideration of $100,000 was funded by internal resources and will not have any impact on the earnings per share and net tangible asset value per share of SGX and the Group for the current financial year.

None of the Directors of SGX has any interest, direct or indirect, in the above.


Issued By
Singapore Exchange Limited