SINGAPORE: The Board of Directors of Oxley Holdings Limited has announced that the Group has incorporated a subsidiary in Singapore, namely, Oxley Singapore Opportunistic Development Fund Ltd., with an initial issued and paid-up share capital of S$1 held by Oxley Fund Management Pte. Ltd., a wholly-owned subsidiary of the Group.
The incorporation of the Subsidiary is in line with the Group’s business plans. The incorporation of the Subsidiary was funded by internal resources and is not expected to have any material impact on the net tangible assets per share or earnings per share of the Company for the current financial year ending 30 June 2019.
None of the Directors or controlling shareholders of the Company has any interest, directly or indirectly, in the aforesaid transaction, save through his shareholding (if any) in the Company.[the_ad id=”31605″]