January 19, 2017 7:07 AM ET

Company Overview of Asia-Pacific Star Pte Ltd

Company Overview

,  

Singapore

Founded in 1997

Key Executives for Asia-Pacific Star Pte Ltd

Asia-Pacific Star Pte Ltd does not have any Key Executives recorded.

Asia-Pacific Star Pte Ltd Key Developments

Asia-Pacific Star Private Limited Enters into Joint Venture Agreement with DFASS (Singapore) Pte. Ltd. to Set Up Company in Singapore

The Board of Directors of SATS Ltd. announced that its wholly-owned subsidiary, Asia-Pacific Star Private Limited has entered into a joint venture agreement with DFASS (Singapore) Pte. Ltd., to set up a company in Singapore to carry on the business of providing inflight duty-free /duty-paid sales and concessions, mail order and pre-order sales, supplying of liquors for inflight pouring services and operating ground-based duty free and/or duty paid retail sales in Singapore. The JVCO will be named 'DFASS SATS Pte. Ltd.' with APS and DFASS each holding 50% equity stake. Completion of the transaction is subject to the fulfillment of certain conditions precedent. Under the terms of the agreement, DFASS will transfer to the JVCO certain assets in exchange for ordinary shares in the capital of the JVCO. APS will inject about SGD 11.4 million in cash in exchange for ordinary shares in the JVCO subject to the valuation of the DFASS assets by an independent valuer prior to completion.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 1, 2016
DFASS SATS Pte. Ltd.
 

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