Sin Heng: Substantial Shareholder, Toyota Tsusho Corporation, Sells 27.1% Stake To Mr. Teo Yi-Dar At S$0.4038 Per Share.

31 Mar 2020 10:08

Sin Heng Heavy Machinery Limited has been informed by the Company's substantial shareholder, Toyota Tsusho Corporation, that TTC has on 30 March 2020, entered into a Sales & Purchase Agreement with United Hope Pte Ltd, a Singapore incorporated company which is wholly owned by Mr. Teo Yi-Dar to sell 30,950,000 shares held by TTC in the Company representing approximately 27.1% of the total issued and paid-up share capital of the Company at the price of S$0.4038 per share, for a total consideration of S$12,497,610 to be satisfied in cash...

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Source: ShareInvestor Express