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Acquisitions And Disposals :: Changes In Company's Interest :: Subscription Of 689,770 Ordinary Shares In Cse Global (Asia) Limited
BackJun 03, 2010
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| Acquisitions and Disposals |
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| Description | The Board of Directors of CSE Global Limited (the "Company") wishes to announce that the Company has subscribed for an additional 689,770 ordinary shares in its wholly-owned subsidiary, CSE Global (Asia) Limited, for a total consideration of S$18,818,290.80 by way of capitalisation of an amount owing by CSE Global (Asia) Limited to the Company. Following the subscription, the issued and paid-up share capital of CSE Global (Asia) Limited is S$28,000,000. The above subscription is not expected to have any material impact on the consolidated net tangible assets 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. By Order Of The Board Tan San-Ju Company Secretary 3 June 2010 |
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