Serial System ups investment in Bull Will

The associated company is listed on the Over-The-Counter Securities Exchange in Taiwan.

The Board of Directors of Serial System Ltd announced that the company has increased its investment in associated company Bull Will Co., Ltd from 35.04% to 40.76%.

The increase in investment was made via the off-market purchase of an additional 4 million shares of Bull Will at S$0.28 per share totaling about S$1,128,600 from an existing shareholder of Bull Will.

The additional investment in Bull Will was funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of Serial System for the current financial year ending 31 December 2012.