Hanwell Holdings accepts offer from Singapore tycoon
Hanwell Holdings’ 29.5 million shares in Intraco had been sold to Mr Oei Hong Leong.
The Board of Directors of Hanwell Holdings Limited announced that the company has accepted the offer to dispose of 29,486,148 issued and paid up ordinary shares representing approximately 29.89% of the total number of issued ordinary shares in Intraco Limited to Mr Oei for a total consideration of S$20,640,303.60 or S$0.70 per Sale Share.
The company is in the process of negotiating and finalising the sale and purchase agreement with Mr Oei.