Asset Acquisitions and Disposals::PROPOSED DISPOSAL OF 64,316,470 ISSUED AND PAID UP ORDINARY SHARES OF APSI PTE. LTD.
Issuer & Securities
ASTI HOLDINGS LIMITED
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
PROPOSED DISPOSAL OF 64,316,470 ISSUED AND PAID UP ORDINARY SHARES OF APSI PTE. LTD.
Submitted By (Co./ Ind. Name)
DATO MICHAEL LOH SOON GNEE
EXECUTIVE CHAIRMAN & GROUP CEO
Description (Please provide a detailed description of the event in the box below)
The board of directors of ASTI Holdings Limited wishes to announce that the Company had on 29 December 2014, together with other vendors entered into a conditional sale and purchase agreement with J C Investment Pte Ltd for the proposed disposal by the Company of its entire shareholding interest of 64,316,470 ordinary shares in the share capital of APSI Pte. Ltd. together with its subsidiary effected via the disposal of the Sale Shares for a sum of S$8,904,769, equivalent to approximately S$0.1385 per Sale Share.
Total size =72K