Change - Change in Corporate Information::CHANGE IN SHAREHOLDING INTEREST IN SUBSIDIARY

Issuer

Issuer/ Manager
SINARMAS LAND LIMITED

Announcement Details

Announcement Title
Change - Change in Corporate Information
Date &Time of Broadcast
03-Apr-2020 18:11:23
Status
New
Announcement Sub Title
CHANGE IN SHAREHOLDING INTEREST IN SUBSIDIARY
Announcement Reference
SG200403OTHRSV4I
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sinarmas Land Limited ("SML" and together with its subsidiaries, the "Group") wishes to announce that SML's effective interest in PT Wijaya Pratama Raya ("WPR"), a subsidiary of the Group, has increased from 30.49% to 31.94% following the subscription by the Group of 20,000,000 new shares of WPR of nominal value of IDR1,000 each, at par, for a total consideration of IDR20,000,000,000 (equivalent to SGD1,800,000), and which was financed by internal resources.

(Note: Amounts in SGD equivalent derived using exchange rate as at 31 March 2020 of IDR1 = SGD0.00009)



By Order of the Board
SINARMAS LAND LIMITED


Ferdinand Sadeli
Director
3 April 2020

Place Of Incorporation

Existing
Singapore
New

Registered Address

Existing
New