Common Contracts
1 similar Agreement for the Sale of Shares contracts
PNE MICRON HOLDINGS LTDAgreement for the Sale of Shares • July 2nd, 2014
The Board of Directors of PNE Micron Holdings Ltd (the “Company”) wishes to announce that it has been informed by its directors and substantial shareholders, Messrs Tan Kong Sin, Tan Kong Heng and Tan Kwong Soon that they and their brothers (namely, Messrs Tan Koon Chwee and Tan Kong Leong, who are each a substantial shareholder of the Company, and Tan Kong Guan) (collectively, the “Vendors”) have on 1 July 2014 entered into a sale and purchase agreement (the “SPA”) with independent third parties, Messrs Liew Nyok Wah and Di Lingbin (both of whom are business associates but not related to each other) (the “Purchasers”) to dispose of a total number of 162,000,000 ordinary shares of the Company (the “Sale Shares”) to the Purchasers at the purchase price of S$0.065 for each Sale Share, held by them in aggregate, representing 29.20% of the total number of issued shares of the Company as at the date of this announcement.
