You are here

Kingsmen Creatives to acquire the rest of Kingsmen (North Asia) Ltd

Tuesday, June 2, 2015 - 19:55

KINGSMEN Creatives Ltd has entered into a sale and purchase agreement with Peok Chong Eng to acquire 117,000 ordinary shares of Kingsmen (North Asia) Ltd (KNA), for an aggregate consideration of S$3.17 million.

The deal will see Kingsmen increase its shareholding in KNA from 92.2 per cent to 100 per cent.

Of the S$3.17 million purchase consideration, S$1.8 million will be satisfied by the allotment and issuance of new ordinary shares in the capital of Kingsmen. The remaining S$1.37 million will be paid in cash.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom