Examples of Luckybull in a sentence
This was due largely to full allowance for impairment on deposits placed for the proposed investment in Luckybull Limited and Shanghai Jianhua Telecommunication Satellite Co., Ltd, which amounted to S$2.50 million and S$ 200,000 respectively.
Other operating expenses was higher in HY 2009 due largely to full allowance for impairment provided on the deposits placed for the proposed investment in Luckybull Limited and Shanghai Jianhua Telecommunication Satellite Co., Ltd, which amounted to S$2.50 million and S$200,000 respectively.
As announced by the Company on 26 September 2008, the Company has filed and served a Writ of Summons (the “Writ”) against Tan Kee Chen (“TKC”), for the return of deposit in respect of the sales and purchase agreement relating to the proposed acquisition of the entire issued and paid up capital of Luckybull Limited from TKC.
We were also not able to ascertain the recoverability of $2,500,000 for the deposit placed for the investment in Luckybull Limited (the “Luckybull”) included in the balance sheet as at 31 March 2008 as disclosed in note 10 to the financial statements.
Mr.Param BirSingh,a dresedaleterdated20thMarch,2021tothe thenChiefMinisterofMaharashtra,makingcertainalegationsagainstheA plicant.
This was due largely to the allowance in FY 09 for impairment of deposits placed for the proposed investment in Luckybull Limited and Shanghai Jianhua Telecommunication Satellite Co., Ltd which amounted to S$ 2.70 million.
Writ against Tan Kee ChenThe Company entered into a sale and purchase agreement dated 22 August 2007 and a supplemental agreement dated 21 February 2008 (“SPA”) relating to the proposed acquisition of the entire issued and paid-up capital of, inter alia, Luckybull Limited from Tan Kee Chen.
The Company terminated the agreements to invest in Luckybull Limited and Shanghai Jianhua owing to the non compliance of the vendors of various terms in the sale and purchase agreement.
The Group’s net working capital deteriorated from approximately negative S$5.26 million in FY2008 to approximately negative S$8.69 million in FY2009 due to the total provision of approximately S$2.70 million for the deposits for investment in Luckybull and Shanghai Jianhua.
The Group incurred a net loss of approximately S$4.51 million for FY2009, and total liabilities exceeded total assets by S$8.65 million mainly due to the corporate guarantee of a former subsidiary, EEPL, and impairment of S$2.70 million in respect of the deposits paid for Shanghai Jianhua and Luckybull that had been taken into the book of the Company in FY2008 and FY2009 respectively.