Asia Enterprises Receives Listing and Quotation Notice for 28.4 Million Shares
Asia Enterprises has received a listing and quotation notice from the SGX for 28.4 million shares. This follows the company's agreement to acquire 385,000 shares in GKE Metal Logistics for SG$8.9 million, representing 28.64% of the company. The acquisition will be executed through the issuance of 28.4 million shares at an issue price of SG$0.312 each. GKE Metal provides storage, freight forwarding, and delivery services.
Asia Enterprises received a listing and quotation notice from the SGX for 28,400,000 consideration shares, according to a filing with the Singapore Exchange on Wednesday.
In an earlier filing, the company had agreed to acquire 385,000 shares in GKE Metal Logistics from Hung Ling Holding for SG$8.9 million.
The total shares represent 28.64% of GKE Metal Logistics.
The consideration for the proposed acquisition will be carried out through the allotment and issuance of 28,400,000 shares in Asia Enterprises' capital at an issue price of SG$0.312 per consideration share.
GKE Metal is engaged in the business of provision of storage, freight forwarding, warehousing, packing, removal and delivery services.
