|Aquisition_Type||Changes in Company''s Interest|
|Acquisition_AnncTitle||ADDITIONAL INVESTMENT IN SB (TUASLINC) INVESTMENT PTE. LTD.|
|TextAns_Description||The Board of Directors of Soilbuild Group Holdings Ltd (the “Company”) wishes to announce that the Company’s investment in its wholly-owned subsidiary, SB (Tuaslinc) Investment Pte. Ltd. (“SB Tuaslinc”) has been increased from S$2 to S$1,000,000 through the capitalisation of S$999,998 of its loan to SB Tuaslinc as payment in full for the allotment and issuance of 999,998 new ordinary shares in SB Tuaslinc to the Company.
The increase in investment is to strengthen the capital base of SB Tuaslinc and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company for the current financial year ending 31 December 2010.
None of the Directors or Substantial Shareholders of the Company has any interest in the above transactions, save for their interests arising by way of their directorships and/or shareholding in the Company.
By Order of the Board
Lee Bee Fong
23 February 2010