Tuesday, January 3, 2012

Chasen Hldgs

Chasen Hldgs: Co has entered into a supplementary deed with regards to acq of Liten Hldgs and its current owners (Vendors). 49% of the profits (Liten's current share) from two investment properties in Tuas will be paid to the Vendors when sold and will be currently excluded from the calculation of consideration. The 463.1k Chasen shares that is held by Liten will be excluded due to regulations in the Companies Act and 152.9k will be deducted from the consideration.

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