Interested Person Transaction::1ST PHASE OF TURNKEY DESIGN,CONSTRUCTION AND DEVELOPMENT AGREEMENT BETWEEN CBVN AND SVC
Issuer & Securities
AMPLEFIELD LIMITED - SG1AG0000003 - AOF
Interested Person Transaction
Date &Time of Broadcast
Announcement Sub Title
1ST PHASE OF TURNKEY DESIGN,CONSTRUCTION AND DEVELOPMENT AGREEMENT BETWEEN CBVN AND SVC
Submitted By (Co./ Ind. Name)
Woon Ooi Jin
Description (Please provide a detailed description of the event in the box below)
Please see attached.
Interested Person Details
SVC is a wholly owned subsidiary of Amanland Pte Ltd which in turn is approximately 97% owned by Regionaland Pte Ltd, a company incorporated in the Republic of Singapore. The major shareholder of Regionaland Pte Ltd is Dato Sri Yap Teiong Choon who is also a controlling shareholder of the Company. Mr Yap Weng Yau, an Executive Director of the Company is the son of Dato Sri Yap Teiong Choon. Accordingly, SVC is considered an associate of Dato Sri Yap Teiong Choon and Mr Yap Weng Yau and therefore an interested person under Rule 904(4)(a) and (b) of the Catalist Rules.
As CBVN is an indirect subsidiary of the Company that is not listed on the SGX-ST or an approved exchange, it is considered an entity at risk pursuant to Rule 904(2)(b) of the Catalist Rules.
Accordingly, the entry into the JDA constitutes an interested person transaction pursuant to Rule 904(6)(f) of the Catalist Rules.
Total size =629K