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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  CSC Holdings Limited    C06   SG1F84861094

CSC HOLDINGS LIMITED

(C06)
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CSC : Announcement on Transfer of leasehold estate in the property at 2 Tanjong Penjuru Crescent, Singapore 608968 from L&M Foundation Specialist Pte Ltd to 2TPC Pte Ltd

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05/04/2020 | 06:09am EDT

General Announcement::Transfer of Property within Group's subsidiaries

https://links.sgx.com/1.0.0/corporate-announcements/FVIVBJM7GZ...

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30-Apr-20, 6:25 PM

CSC HOLDINGS LIMITED

Co Registration No. 199707845E

TRANSFER OF PROPERTY WITHIN GROUP'S SUBSIDIARIES

The board of directors (the "Board" or "Directors") of CSC Holdings Limited (the "Company"), together with its subsidiaries (the "Group"), wishes to announce that L&M Foundation Specialist Pte Ltd ("LMFS"), a wholly-owned subsidiary of the Company, has today entered into a sale and purchase agreement with 2TPC Pte Ltd ("2TPC"), which is also a wholly-owned subsidiary of the Company, pursuant to which LMFS will transfer the leasehold estate in the property at 2 Tanjong Penjuru Crescent, Singapore 608968 situated on Lot 5335M of Mukim 5 to 2TPC Pte Ltd (the "Property Transfer").

The Property Transfer is not expected to have any material financial impact on the net tangible assets and earnings per share of the Group for the financial year ending 31 March 2021.

None of the Directors, controlling shareholders or substantial shareholder of the Company has any interest, direct or indirect, in the Property Transfer, save for their shareholdings in the Company.

The Company will make further announcement(s) to update shareholders in the event of any material developments.

By Order of the Board

Lee Quang Loong

Company Secretary

30 April 2020

Disclaimer

CSC Holdings Ltd. published this content on 30 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2020 10:08:11 UTC

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Financials
Sales 2020 343 M 249 M 249 M
Net income 2020 5,55 M 4,03 M 4,03 M
Net Debt 2020 77,1 M 56,0 M 56,0 M
P/E ratio 2020 8,89x
Yield 2020 -
Capitalization 42,7 M 31,0 M 31,0 M
EV / Sales 2019 0,39x
EV / Sales 2020 0,35x
Nbr of Employees -
Free-Float 33,7%
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NameTitle
Yen Tarn See Group Chief Executive Officer & Executive Director
Horn Kee Leong Independent Non-Executive Chairman
Chung Chong Koo Group Chief Operating Officer
Quang Loong Lee Chief Financial Officer & Secretary
Boon Hong Gwee Technical Director
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