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8I HOLDINGS LTD — Capital/Financing Update 2017
Jul 27, 2017
64264_rns_2017-07-27_5856d395-a503-4d2b-a59c-aedb107ea8c7.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT / MEDIA RELEASE
For Immediate Release
8I Holdings Ltd (ASX: 8IH)
Completion of Sale of Investment in Hemus Pacific Private Limited
28 July 2017, Singapore
8I Holdings Limited (ASX: 8IH ) (“ 8IH ” or the “Company”) is pleased to announce that its wholly owned subsidiary, 8 Business Pte Ltd, has completed the disposal of Hemus Pacific Private Limited to Clear A2Z Pte Ltd for a consideration of 7,000,000 8IH shares in the form of Chess Depository Interests (the “Transaction”), pursuant to the Share Swap and Buy-Back Agreement entered on 19[th] May 2017 and the approval of the Transaction by special resolution by 8IH shareholders at the AGM held on 27[th] July 2017.
As a result of the above mentioned transaction, 8IH realizes a gain in disposal of subsidiary of approximately S$980,000, based on A$0.49 per share as at 28[th] July 2017. The Transaction will provide the 8IH shareholders with share value accretion, and the Company with treasury shares to seek other investment opportunities.
ENDS
For further information, please email [email protected]
Media Enquiries:
Louis Chua Goh Yi Lin Company Secretary (Australia) Investor Relations 8I Holdings Ltd 8I Holdings Ltd +65 6225 8480 ext. 114 +65 6225 8480 ext. 116 [email protected] [email protected]
About 8I Holdings Limited
8I Holdings Limited (www.8iholdings.com) is a public listed investment company in Australia with interests in public and private markets investment, fund management and financial education.
8I Holdings invests in public listed companies and private businesses. Through 8 Capital Pte Ltd , the Group operates a licensed fund management business in Singapore and is one of the leading financial education and training providers in Singapore and Malaysia through 8VIC Global Pte Limited , supporting participants across China, Taiwan, Thailand, Myanmar, India, Vietnam and Dubai to build a foundation of value investing knowledge and methodology.