PROPOSED ACQUISITION OF INTEREST IN THE SHARES IN THE SHARE CAPITAL OF THE TARGET HOLDING COMPANY - COMPLETION
The board of directors (the “Directors”) of mm2 Asia Ltd. (the “Company”, and together with its subsidiaries, the “Group”) refers to the announcement released by the Company on 3 February 2016, 12 May 2016 and 31 May 2016 (the “Announcements”). Unless otherwise defined, all terms and references used herein shall bear the same meaning ascribed to them in the Announcements.
The Board is pleased to announce the completion of the Proposed Acquisition on 11 August 2016. The conditions precedent in respect of the Proposed Acquisition and the completion deliverables have been completed and/or waived.
With the completion of the Proposed Acquisition, the Company has acquired shares representing 51% of the total issued and fully paid-up ordinary shares in UnUsUaL Pte. Ltd., and UnUsUaL Pte. Ltd. has become a subsidiary of the Company.
By Order of the Board
Melvin Ang Wee Chye
Chief Executive Officer and Executive Director
11 August 2016
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, Hong Leong Finance (the “Sponsor”), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the sponsor is Mr. Tang Yeng Yuen, Vice President, Head of Corporate Finance, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581. Telephone (65) 64159886.