Common Contracts

Terratech Group Limited Signs Conditional Sale and Purchase Agreement for the Proposed RTO of Capital City Property Sdn Bhd for S$300.0 million

Conditional Sale and Purchase Agreement • June 9th, 2016

• Contract Type
  Conditional Sale and Purchase Agreement
• Filed
  June 9th, 2016

 The proposed acquisition (“Proposed Acquisition”) of the entire issued and paid-up capital of Capital City Property Sdn Bhd (“Target Company” or “Capital City”) for S$300.0 million, which is expected to result in a Reverse Takeover (“RTO”), is to be satisfied by the issuance of 4,285,714,286 new shares in the capital of Terratech Group Limited (“the Company”) to the shareholders of Capital City (“Vendors”) at an issue price of S$0.07. This in turn values Terratech at S$48.0 million.