ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: SUBSCRIPTION OF SHARES IN DOZZ PTE. LTD., WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

 

* Asterisks denote mandatory information

 

"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

 

Name of Announcer *

HERSING CORPORATION LTD  

Company Registration No.

199706986E  

Announcement submitted on behalf of

HERSING CORPORATION LTD  

Announcement is submitted with respect to *

HERSING CORPORATION LTD  

Announcement is submitted by *

Chua Khee Hak  

Designation *

Director  

Date & Time of Broadcast

05-Apr-2010 17:43:59  

Announcement No.

00115  

 

 

>> ANNOUNCEMENT DETAILS

 

The details of the announcement start here ...

 

Announcement Title *

SUBSCRIPTION OF SHARES IN DOZZ PTE. LTD., WHOLLY-OWNED SUBSIDIARY OF THE COMPANY  

Description

The Board of Directors of Hersing Corporation Ltd (the "Company") wishes to announce that the Company had subscribed for and was allotted 99,998 ordinary shares in the capital of its wholly-owned subsidiary, Dozz Pte. Ltd. ("Dozz", formerly known as 25A Changi South Pte. Ltd.) for a total cash consideration of S$99,998.00. Consequently, the paid-up capital of Dozz stands at S$100,000.00.

The principal activities of Dozz are wholesale and retail sale of furniture. The share issue proceeds will be utilised by Dozz for its general working capital.

The cash consideration was funded internally and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the financial year ending 31 December 2010.

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above transaction.



By Order of the Board


Chua Khee Hak
Director
5 April 2010  

 

displayAttachments_LN::

displayAttachmentsLength_LN::

Attachments

Total size = 0
(2048K size limit recommended)