TELECHOICE INTERNATIONAL LIMITED TELECHOICE INTERNATIONAL LIMITED
(REG. NO. 199802072R)
REDUCTION OF SHARE CAPITAL OF PLANET TELECOMS (S) PTE LTD
The Board of Directors ("Board") of TeleChoice International Limited ("Company") wishes to announce that Planet Telecoms (S) Pte Ltd ("PTPL"), a wholly-owned subsidiary of the Company, has completed a capital reduction exercise ("Capital Reduction") on 6 October 2021.
Pursuant to completion of the Capital Reduction, the issued and paid-up share capital of PTPL was reduced from S$1,900,000 comprising 1,900,000 ordinary shares in the capital of PTPL ("Shares") to S$1,000,000 comprising 1,000,000 Shares, by cancelling 900,000 Shares and returning the amount paid-up thereon of S$900,000 to the Company.
The Capital Reduction is not expected to have any material impact on the consolidated net tangible assets or earnings per share of the Company for the current financial year ending 31 December 2021.
None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the Capital Reduction, other than through their shareholding interests in the Company.
By Order of the Board
Lim Shuh Moh Vincent
President & CEO
6 October 2021
Attachments
- Original document
- Permalink
Disclaimer
TeleChoice International Ltd. published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 10:55:01 UTC.
