Koon Holdings subsidiary ups investment in GPSDI

The additional investment was S$999,999.

The Board of Directors of Koon Holdings Limited announced that its subsidiary GPS Alliance Holdings Pte. Ltd. has increased its investment in GPS Alliance Development and Investment Pte. Ltd.

GPSH has been issued an additional 999,999 ordinary shares in the capital of GPSDI.

According to the announcement, the entire consideration payable for the additional investment was funded through internal resources.

GPSDI’s issued and paid up share capital is now S$1,000,000.

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