FINWIRES · TerminalLIVE
FINWIRES

Hatten Land Completes Takeover by Metrocon

By

Hatten Land (SGX:PH0) completed the acquisition of the entire issued and paid up share capital of Metrocon, according to a Friday filing with the Singapore Exchange.

The property developer undertook the share consolidation on July 31, consolidating every 830 existing shares into one consolidated share.

All conditions precedent for the acquisition were also satisfied with the company acquiring Metrocon from the vendor, issuing around 107.7 million new consolidated shares at SG$0.26 each.

Additionally, 22.4 million scheme creditors shares were issued to scheme creditors and 21.5 million funder shares to the funder at SG$0.26 each.

The company has also lodged documents with ACRA to adopt a new constitution which will reflect the company's new name, Metrocon Holdings.

Related Articles

Asia

Everlight Electronics Files Patent Infrigment Lawsuit in US Court Against Nichia

Everlight Electronics Co (TPE:2393) has filed a patent infringement lawsuit in a US district court against Nichia Corporation and Nichia America Corporation over some flash LED products, according to a Friday filing to the Taiwan stock exchange.The company has claimed that Nichia's flash LED products infringe its patent rights, and has requested the court to order the defendants to pay damages for the same.As of now, the case does not have any material impact on the company's financial position or overall operations. Subsequently, the financial impact will depend on the progress of the litigation and the court's final adjudication.

TPE:2393
Asia

Horizon Gold Identifies High-Grade Gold Mineralization at Three Deposits in Western Australia Project, Shares Up 3%

Horizon Gold (ASX:HRN) identified high-grade gold mineralization during recent drilling at its Gum Creek gold project's Kingfisher, Hawk and Swan deposits in Western Australia, according to a Monday Australian bourse filing.The results were up to 23 meters at 5.26 grams per tonne gold from 188 meters, including 15 meters at 7.65 grams per tonne gold.Follow-up reverse circulation and diamond drilling is being planned at all three prospects, with diamond and reverse circulation drilling continuing across the Gum Creek project area, the filing added.The company's shares rose 3% in recent Monday trade.

ASX:HRN
Asia

Powerchip Semiconductor Manufacturing's Chairman/CEO Passes Away

Powerchip Semiconductor Manufacturing's (TPE:6770) chairman and chief executive officer, Frank Huang, has passed away, according to a Friday filing with the Taiwan Exchange.The wafer foundry company has named Vice Chairman Brian Shieh to legally assume the chairman's duties, with plans in place to continue the company's growth in Taiwan's high-tech industry.

TPE:6770