Noble Group establishes wholly-owned subsidiary
Published by Nicholas Woodroof,
As at the date of incorporation, the issued and paid up share capital and the net tangible asset value and book value Spinel is US$1.00 comprising 1 share at US$1.00 each. The establishment was satisfied by cash and funded by internal resources.
The above transaction does not amount to a discloseable transaction for the purposes of Chapter 10 of the listing manual of the Singapore Exchange Securities Trading Ltd.
Read the article online at: https://www.drybulkmagazine.com/special-reports/03122018/noble-group-establishes-wholly-owned-subsidiary/
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