JACKSPEED Corporation is looking to sell its entire business as a going concern, as well as all its assets and liabilities to executive deputy chairman and CEO Yap Kian Peng for S$48 million in cash.
This will be considered an interested person transaction and a major transaction, and thus requires approval of shareholders first. Based on the group's latest unaudited consolidated financial statements for FY19, net profit after tax attributable to Jackspeed's business and the business assets for sale is about S$5.8 million.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nissan would review Renault ties after FCA merger: CEONissan would carry out a 'fundamental review' of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple CEO says US scrutiny 'fair,' but rejects idea company is a monopolyApple Inc Chief Executive Tim Cook denied that the company is a monopoly as the U.S. government gears up for a potentially unprecedented probe ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple CEO says US scrutiny ‘fair,’ but rejects idea company is a monopolyWASHINGTON — Apple chief executive Tim Cook denied that the company is a monopoly as the US government gears up for a potentially unprecedented probe into whether the iPhone maker and other technology giants are misusing their massive market power.
Source: TODAYonline - 🏆 1. / 99 Read more »