MFG Integration - Special Dividend/Capital reduction

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4 years 3 weeks ago #25315 by divads
lets hope they do a RTO with a medical company, now very hot
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3 years 8 months ago #25461 by divads
The Board is pleased to announce that no claims has been made by the New Purchaser against the Company during the Escrow Claim Period, and following the expiry of the Escrow Claim Period, the entire sum of the Second and Final Escrow Payment of S$8,450,000 has been released to the Company.

3. Return of the Net Sale Proceeds from the Disposal to the Shareholders As of the date of this announcement, the Company has returned the Net Sale Proceeds from the Disposal, other than the Second and Final Escrow Payment, to its Shareholders by way of declaration of special dividends and capital reduction. The management of the Company is contemplating the manner for which the Second and Final Escrow Payment is to be returned to the Shareholders and an announcement in relation thereto will be made by the Company as soon as practicable

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