Co. Registration No. 197701615H

INCORPORATION OF A SUBSIDIARY

Stamford Land Corporation Ltd (the "Company") wishes to announce that Stamford Land (International) Pte Ltd (a direct wholly-owned subsidiary of the Company) has incorporated Stamford Land Development (Singapore) Pte. Ltd. (the "Subsidiary"), a wholly-owned subsidiary in Singapore, with an initial issued and paid up share capital of SGD2.00, for the purpose of real estate development.

The establishment of the Subsidiary is funded by internal resources and is not expected to have any material impact on the net tangible assets per share and the earnings per share of the Company for the current financial year ending 31 March 2022.

None of the Directors and none of the substantial shareholders of the Company have any interest, direct or indirect, in the incorporation of the Subsidiary, other than through their respective shareholdings (if any) in the Company.

Lee Li Huang

Chief Financial Officer

and Company Secretary

20 September 2021

Attachments

  • Original document
  • Permalink

Disclaimer

Stamford Land Corporation Ltd. published this content on 20 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2021 09:51:05 UTC.