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Acquisitions And Disposals :: Changes In Company's Interest :: Subscription Of New Preference Shares In Cse-Global (Australia) PTY Ltd
BackJul 01, 2013
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| Acquisitions and Disposals |
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| Description | The Board of Directors of CSE Global Limited (the "Company", and together with its subsidiaries, the "Group") wishes to announce that the Company has subscribed 23,000,000 new redeemable preference shares in its wholly-owned subsidiary, CSE-Global (Australia) Pty Ltd, for a total consideration of AUD23,000,000 which was satisfied by way of capitalisation of an amount of AUD23,000,000 due from CSE-Global (Australia) Pty Ltd to the Company. Following completion of the above transaction, the total issued and paid-up share capital of CSE-Global (Australia) Pty Ltd are as follows:- a) AUD13,550,000 (equivalent to S$16,995,765) comprising 13,550,000 ordinary shares; and b) AUD23,000,000 (equivalent to S$29,417,000) comprising 23,000,000 redeemable preference shares. The above transaction was funded by internal resources and is not expected to have any material impact on the consolidated net tangible asset per share and earnings per share of the Group for the current financial year. None of the Directors or controlling shareholders of the Company has any interests, direct or indirect, in the above transaction, other than by reason of being such a director or controlling shareholder of the Company. By Order Of The Board Tan San-Ju Company Secretary 1 July 2013 |
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