Brief: Polaris Ltd announces change of shareholding in subsidiaries

Polaris

11/04/2017 11:34

April 11 (Reuters) - Polaris Ltd  POLA.SI  
    * Company has on 11 April 2017 subscribed for 2.5 million 
new ordinary shares in capital of polaris KKC Holdings Pte. Ltd. 
    * Aggregate value of consideration for KKC shares is USD1 
million in cash based on issue price of USD0.40816 for each KKC 
share 
    * Following subscription, co's shareholding in Polaris KKC 
has increased from 70% to 85.3% of total issued and paid-up 
share capital of Polaris KKC. 
    * Subscription are not expected to have any material impact 
on consolidated earnings per share of company and group for FY 
ending 31 Dec 2017 
    * Following subscription, Polaris KKC's shareholding in CM 
Polaris has increased from 66.7% to 83.7% of issued and paid-up 
share capital of CM Polaris 
    * Polaris kkc has on 11 April 2017 subscribed for 3.6 
million new ordinary shares in capital of CM Polaris Pte. Ltd 
    * Aggregate value of consideration for CM shares is USD1 
million in cash based on issue price of USD0.27847 for each CM 
share 
 
Source text for Eikon:  ID:nSNZcB1gN  
Further company coverage:  POLA.SI  
 
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