SYSMA HOLDINGS LIMITED
Company Registration No: 201207614H
(Incorporated in the Republic of Singapore on 28 March 2012)
2 Balestier Road, #03-669, Balestier Hill Shopping Centre, Singapore 320002 Tel: 6256 2288 (4 lines) Fax: 6152 4156
COMPLETION OF THE ISSUANCE OF SHARES IN KH ENGINEERING LIMITED ("KHEL") AND KH INSTRUMENTATION PTE LTD ("KHIPL") TO YAP CHIN LEONG AND SYED IBRAHIM SHAIK DAWOOD, RESPECTIVELY
Unless otherwise defined, capitalised terms not defined herein shall bear the same meanings ascribed to them in the announcements issued on 2 December 2019, 11 February 2020 and 22 April 2021 in relation to the proposed acquisition of KHEL and its subsidiaries and KHIPL (collectively the "SPA Announcements" and each a "SPA Announcement").
The board of directors (the "Board") of Sysma Holdings Limited (the "Company") refers to the SPA Announcements and is pleased to announce that the Proposed KHEL Share Issuance and Proposed KHIPL Share Issuance (each defined in the SPA Announcement dated 22 April 2021) are successfully completed on 1 August 2021.
Following the completion of the aforementioned share issuances, the Company's shareholding percentage in KHEL has been reduced from 100% to 80% and KHEL's shareholding percentage in KHIPL has been reduced from 100% to 90%.
By the Order of the Board
Sysma Holdings Limited
Sin Soon Teng
Executive Chairman and Group Chief Executive Officer
1 August 2021
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, email@example.com.