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eBworx Limited
BackSep 17, 2001
| The Board of Directors of CSE Systems & Engineering ("the Company") wishes to announce that as part of the restructuring exercise of the Company, the Company has acquired 1,270,975 issued and fully paid up ordinary shares of S$0.04 each and 11,051,725 issued and partially paid up (to 5%) ordinary shares of S$0.04 each from the employees of eBworx. This will bring the Company's ownership in eBworx to 84.45% from 70.33%.
The total acquisition price for the 1,270,975 issued and fully paid up ordinary shares of S$0.04 each and 11,051,725 issued and partially paid up (to 5%) ordinary shares of S$0.04 each amounts to S$524,897.16. The summary of the details of the acquisition is as follows:
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| Published: Monday, 17 September 2001 | ||||||||||||||||||||||||||||||||||||||||
| Publication: SGX | ||||||||||||||||||||||||||||||||||||||||
