for the disposal of International Energy Group to TK Energy has lapsed as at June 30, after the buyer failed to disburse the loans to New Silkroutes Capital and IEG. New Silkroutes said on Monday evening that it will continue to look for a suitable buyer with the financial means to maintain and grow IEG's business. The counter closed at S$0.26 on Monday, up one cent.
The asset purchase agreement had a ballpark indicative value of S$5.6 million. Meanwhile, Mr Kim had agreed to subscribe for a convertible bond issued by Green Build with a principal sum of S$2.5 million. Its shares last traded on April 30 at S$0.11.for the shares it does not already own in the company at 6.5 Singapore cents per share. This comes after the offeror, Raffles Infinity Holdings, on July 1 acquired 82.08 per cent of shares in Raffles United, making it a substantial shareholder.
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