CONNECTED TRANSACTIONAcquisition Agreement • May 17th, 2024
Contract Type FiledMay 17th, 2024On 23 June 2023 (after the trading hours of the Stock Exchange), the Purchasers entered into the Acquisition Agreement with the Vendors, pursuant to which the Purchasers have agreed to acquire, and the Vendors have agreed to sell the Sale Shares at a total consideration of SG$1 million (equivalent to approximately HK$5.9 million). The Sale Shares represent the entire issued share capital of the Target Company, whose sole material asset is its ownership of 14.80% shareholding in Giordano Indonesia (a 65.08% subsidiary of Purchaser 1, which is in turn a 80% subsidiary of the Company).