Registration No. 200001941G
The Board of Directors of GKE Corporation Limited ("the
Company", and together with its subsidiaries, the
"Group") wishes to announce that the Company's 65% owned
subsidiary, Van der Horst Logistics Limited ("VDHLL") has
increased the par value of the shares in its capital from
US$90 per share to US$130 per share. Accordingly the
shareholders of VDHLL, including the Company, have injected a
further US$40 for each share currently held by the respective
shareholders. As the Company currently holds 32,500 ordinary
shares in the capital of VDHLL, the Company has injected a
sum of US$1,300,000 into the issued and paid up share capital
of VDHLL. The percentage shareholding of the respective
shareholders in VDHLL remains unchanged.
The proceeds from the capital injection will be utilised by
VDHLL for further capital injection in its wholly owned
subsidiary, Van der Horst (Shanghai) Logistics., Ltd..
The above transaction will be funded through internal sources
and is not expected to have any material impact on the
consolidated net tangible assets or earnings per share of the
Group for the current financial year.
None of the Directors or substantial shareholders of the
Company has any interest, direct or indirect, in the above
transaction.
BY ORDER OF THE BOARD Neo Cheow Hui
Chief Executive Officer and Executive Director
3 October 2012
This announcement has been reviewed by the Company's Sponsor,
RHT Capital Pte. Ltd. ("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 details of the contact person for the Sponsor is:-
Name: Mr Wong Chee Meng Lawrence (Registered Professional,
RHT Capital Pte. Ltd.) Address: Six Battery Road, #10-01,
Singapore 049909
Tel: 6381 6757
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