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ListCo News: Catalist

Natural Cool Establishes Air-conditioning Subsidiary

Catalyst-listed Natural Cool Holdings Limited announced that its wholly owned subsidiary, Natural Cool Air-conditioning & Engineering Pte Ltd, has formed a wholly owned subsidiary known as Buy And Fix Pte Ltd with an issued and paid up capital of S$1.00 (about US$0.72).

Buy and Fix will primarily engage in trading and supply of air-conditioning of all kinds and parts including manufacturing of air-conditioning products, installation, repair and mainte- nance of air-conditioning of all kinds.

Natural Cool provides installation, maintenance, repair and replacement services for air-conditioning systems to the residential segment, both public and private; and commercial sectors, which include factories, offices, condominiums, schools and hospitals, in Singapore.

Multistar Holdings Enters Agreement to Acquire Healthcare Specialist Pte Ltd and Subtle Sense Pte Ltd

Multistar Holdings on June 18 entered into a new conditional sale and purchase agreement to acquire the entire issued and share capital of HealthTrends Specialist Pte Ltd and Subtle Sense Pte Ltd from HealthTrends Holdings Pte Ltd and HealthTrends Medical Group, respectively.

Under the proposed acquisition, Multistar Holdings is set to issue 101,872,959 new ordinary shares into HeatlhTrends Holdings and 764,784,836 new ordinary shares into Health- Trends Medical Group respectively at an issue price of S$0.03 a share, or a total of S$25,999,734 (about US$18,744,327) for the sale shares.

HealthTrends offers a range of holistic medical and aesthetics services through its various clinics in Singapore and the region. Subtle Senses’s clinics, meanwhile, deliver wellness spa and relaxation programmes.

Multistar Holdings Limited closed on Thursday at S$0.020.

PNE Micron Holdings Drops Dongguan Unit

PNE Micron Holdings Ltd announced the complete disposal of PNE Micron Electronics (Dong Guan) Co Ltd (“PNE Dongguan”) by the company’s wholly owned subsidiary, PNE Sino Pte Ltd (“PNE Sino”).

The disposal arrangement was first announced last February when the Dongguan acquisition agreement bogged down. During the time, PNE Sino had entered into a sale and purchase agreement with PNE Dongguan to acquire two production lines at a consideration of RM8494,160 (approximately S$102,29) for use in its Malaysian electro-deposition coating operations. How- ever, due to difficulties in obtaining the requisite approvals and clearance from the China customs to export the production lines and the high transportation, dismantling and re-assembly costs/expenses and related import duties, PNE Sino has decided not to proceed with the acquisition.

PNE Micron Holdings Ltd closed on Thursday at S$0.035.

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