Asset Acquisitions and Disposals::PROPOSED DISPOSAL OF ADDVALUE COMMUNICATIONS PTE LTD TO A THIRD PARTY FOR CASH OF S$330 MILLION

Issuer & Securities

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

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
25-Mar-2014 18:17:18
Status
New
Announcement Sub Title
PROPOSED DISPOSAL OF ADDVALUE COMMUNICATIONS PTE LTD TO A THIRD PARTY FOR CASH OF S$330 MILLION
Announcement Reference
SG140325OTHRIUN0
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)
THE PROPOSED DISPOSAL BY ADDVALUE TECHNOLOGIES LTD (THE ?COMPANY?) 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 (THE ?DISPOSAL?)

For details, please refer to the attachment.

Attachments

AVT_Announcement_(25_Mar_2014).pdf
Total size =73K