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The Board of Directors of M3Tech wishes to announce
that the Company has on 14 December 2009 acquired 60,000 ordinary
shares of SGD1.00 each representing 60% of the issued and paid up
share capital of M3Asia Distribution (S) Pte. Ltd. for a total cash
consideration of SGD60,000.00 (“the Acquisition”). The
Acquisition is not expected to have any material effect on the
earnings per share, net assets or share capital of the Company.
None of the directors and/or major shareholders of M3Tech and/or
persons connected with them, has any interest, direct or indirect,
in the Acquisition.
This announcement is dated 16 December 2009. |