What you need to know about SMRT Alpha

It is the newest subsidiary under the SMRT umbrella.

The board of directors of SMRT Corporation Ltd announced that the company’s wholly-owned subsidiary SMRT Investments Pte. Ltd. had incorporated a wholly-owned subsidiary, SMRT Alpha Pte. Ltd.

SMRT Alpha is a private company incorporated in Singapore limited by shares, and has an initial issued and paid-up capital of S$2.00, comprising 2 ordinary shares held by SMRT Investments. The principal business activities of SMRT Alpha involve real estate management activities.

The subscription of the shares by SMRT Investments was funded internally and is not expected to have any material impact on SMRT’s net tangible assets per share and earnings per share for the current financial year ending 31 March 2013.