Roxy-Pacific Holdings boosts investment in Roxy Hotels
The company subscribed an additional 999,998 ordinary shares.
The Board of Directors of Roxy-Pacific Holdings Limited announced that the company has increased its investment in its wholly-owned subsidiary Roxy Hotels Pte. Ltd. for a total consideration of S$999,998.00 thereby increasing the investment from S$2 to S$1 million.
The above investment is funded through internal resources and is not expected to have any material impact on the earnings per share and the net tangible assets per share of Roxy-Pacific Holdings for the current financial year ending 31 December 2012.