Back 14 May 2025

Rich Capital Holdings Limited Divests Subsidiary Rich Batam Pte Ltd for Nominal S$1 Consideration

Link: https://links.sgx.com/1.0.0/corporate-announcements/YXCD5A1ZM1J0E7ZP/ec6ea75162bc9c23bf6294cf3b3c3732fcaa582093582328729dbd8ca738d86e

Summary:

  • Rich Capital Holdings Limited announced the completion of the disposal of 100% of the issued and paid-up share capital of its wholly-owned subsidiary, Rich Batam Pte Ltd.
  • The disposal was made to Mr. Yi Chengshu, an independent third party.
  • The aggregate consideration for the disposal was S$1.
  • The completion of the disposal took place on May 13, 2025.
  • Following the completion, Rich Batam Pte Ltd is no longer a subsidiary of Rich Capital Holdings Limited.