SMB UNITED LIMITED (Company Registration Number: 199506364D) (the "Company")
(Incorporated in the Republic of Singapore)
PROPOSED ACQUISITION OF 48.0% OF THE ISSUED AND PAID UP SHARE CAPITAL OF QUANTUM AUTOMATION PTE. LTD. ("PROPOSED ACQUISITION") - RECEIPT OF IN-PRINCIPLE APPROVAL
The Board of Directors of the Company refers to the
announcement on 31 October 2011 in relation to the sale and
purchase agreement entered into between the Company with each
of (a) Ko Sui Hung, (b) Roberto Gatbonton De Jesus, (c) Chua
Yiat Hin, (d) Lim Chin Keong, (e) Ng Cheng Leng, and (f) Lee
Boon Hwa as vendors in relation to the Proposed Acquisition
("31 October Announcement").
Unless otherwise defined, all terms and references used
herein shall bear the same meanings ascribed to them in the
31 October Announcement.
Further to the 31 October Announcement, the Directors are
pleased to announce that the Singapore Exchange Securities
Trading Limited ("SGX-ST") has on 22 November 2011,
approved in-principle the Company's application for the
listing and quotation of the 9,400,000 Consideration Shares,
subject to compliance with the listing requirements of the
SGX-ST.
The SGX-ST's in-principle approval above is not to be taken
as an indication of the merits of the
Proposed Acquisition, the Consideration Shares, the Company
and/or its subsidiaries.
Lee Phuan Weng
Chairman
22 November 2011
1
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