Brewerkz definition

Brewerkz. Brewerkz Singapore Pte Ltd., a company incorporated in Singapore with limited liability, an indirect subsidiary of the Company. As at the date of this announcement, the Company holds 51% interest in Brewerkz through Masindo. The shareholding interest will increase to 100% upon the completion of the Second Agreement
View Source

Examples of Brewerkz in a sentence

  • The consideration for the 49% of the entire issued shares in Brewerkz will be S$1,972,250 (equivalent to approximately HK$8,727,000) or US$1,111,000 and is payable in full in cash upon completion of the Second Agreement.

  • If the Call Option is exercised, it will result in Masindo having a shareholding interest of 90% in the enlarged share capital of Brewerkz.

  • He has been managing the business of Brewerkz since it started operations in 1997 and he plays an important role in driving the business of Brewerkz.

  • Given the 90% interest in Masindo held by the Company, the effective shareholding in Brewerkz held by the Company would be decreased to 81%.

  • On 17 October 2002, Masindo and Brewerkz entered into a Service Agreement with ▇▇.

  • The consideration was arrived at after arm’s length negotiation between Masindo and BI and BT with reference to the unaudited net asset value as at 30 June 2002 of Brewerkz, which was approximately S$2,483,000 (equivalent to approximately HK$10,987,000).

  • BI and BT are the substantial shareholders of Brewerkz (an indirectly 51% owned subsidiary of the Company) and accordingly the entering of the Second Agreement by Masindo with BI and BT constitutes a connected transaction under rule 14.26 of the Listing Rules.

  • BI and BT are the substantial shareholders of Brewerkz (an indirectly 51% owned subsidiary of the Group upon the completion of the First Agreement on 31 May 2002), accordingly, the entering of the Second Agreement by Masindo with BI and BT constitutes a connected transaction under 14.26(1) of the Listing Rules.

  • The grants of the Incentive Option and the Call Option based on different profit targets serve as an incentive to motivate him to pursue profitability growth for Brewerkz and therefore benefits the Company.

  • Given the 90% interest in Masindo held by the Company, the effective shareholding in Brewerkz held by the Company would be decreased to 72%.