Brief: A-Smart updates on non-completion of SPA in relation to proposed 70 pct acquisition of Amplify Me

A-Smart Holdings

27/12/2016 14:48

Dec 27 (Reuters) - A-Smart Holdings Ltd  ASMA.SI  
    * Non-completion Of Spa In Relation To The Proposed 
Acquisition Of 70% Amplify Me Pte. Ltd. 
    * Incurred professional and other expenses in relation to 
proposed acquisition, in addition to refundable deposit of 
S$150,000 paid to vendor 
    * Proposed acquisition has not been completed on ground that 
conditions precedents under spa have not been fulfilled by 
vendor 
    * Refers to announcements in respect of proposed acquisition 
of 70% of entire issued share capital in amplify me pte ltd 
    * Non-completion of acquisition is not expected to have any 
material impact on  EPS and/or net tangible assets per share of 
co for FY 31 July 2017 
 
Source text for Eikon:  ID:nSN9fX3z1  
Further company coverage:  ASMA.SI  
 
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