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Incorporation Of A Direct Wholly-Owned Subsidiary
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Nov 26, 2012
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| Description | The Board of Directors of TEHO INTERNATIONAL INC. LTD. (the "Company") wishes to announce the incorporation and registration of a direct wholly-owned subsidiary in The Netherlands, under the name of TEHO EuROPE B.V. ("TEBV") with an initial issued capital of Euro 100,000 comprising 100,000 ordinary shares of nominal value of Euro 1.00 each. The principal activity of TEBV is the supply of rigging, mooring and engineering equipment, products and systems, and related services. The incorporation of TEBV and any further injection of share capital and investment will be funded through internal resources and/or financing, and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year. None of the Directors and controlling shareholders of the Company has any interest, direct or indirect, in the above transaction other than through their shareholdings in the Company. BY ORDER OF THE BOARD Lim See Hoe Executive Chairman and Chief Executive Officer 26 November 2012 This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Canaccord Genuity Singapore Pte. Ltd. for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Canaccord Genuity Singapore Pte. Ltd. has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Mr. Alex Tan, Managing Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160. |
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