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Acquisitions and Disposals of Assets :: ACQUISITION OF A SHAREHOLDING IN CHON HUA PTE. LTD.


GOODLAND GROUP LIMITED

Company registration number: 200405522N

(Incorporated in the Republic of Singapore)

SHAREHOLDING IN CHON HUA PTE. LTD.

The board of directors (the “Board”) of Goodland Group Limited (the “Company” and together with its subsidiaries, the “Group” wishes to announce that Peg West Pte. Ltd., a wholly-owned subsidiary of the Company, has subscribed 2 500 common shares of S $ 1.00 each, representing 50% of the capital of Chon Hua Pte. Ltd. (“CH”), a company incorporated in Singapore with a paid-up capital of 5,000 common shares of S $ 1.00 each (the “Acquisition”).

The main activities of CH are those of real estate developers. On October 13, 2021, CH was awarded a design and build contract for the construction of an 8 storey commercial building (the “Project”); and invited the Group to participate in the Project. The Acquisition authorizes the Group to directly undertake construction of the Project.

The Acquisition will be financed from internal resources and is not expected to have a significant impact on the net property, plant and equipment and earnings per share of the Company and the Group for the current year ending September 30, 2022.

None of the Directors or significant shareholders of the Company has any interest, direct or indirect, in the above transaction, with the exception of their interests in the Company.

BY ORDER OF THE COUNCIL

Hor Swee Liang

Company Secretary

October 15, 2021

Disclaimer

Goodland Group Limited published this content on October 15, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 15, 2021 12:11:05 PM UTC.