On 30/Nov/2010, Chuan Hup Holdings Limited announced that the Company has entered into sale and purchase agreement resulted in the complete divestment of the Company’s shareholding interest in Scomi Marine Bhd.
The aggregate sum of the consideration approximately S$38,341,0601.With this transaction, assuming that the Proposed Divestment had been completed on 30 June 2010, based on the audited consolidated financial statements of the Group for the financial year ended 30 June 2010, the effect on the NTA per Share as at 30 June 2010 would be 36.35 cents.