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News
Corporate Reorganisation
The Board of Directors of BBR Holdings (S) Ltd (the "Company") wishes to announce the completion of a corporate reorganisation that sees the separation of its Property Development division away from its General Construction arm, Singapore Piling & Civil Engineering Private Limited (SPACE), resulting in a more efficient, flexible and streamlined corporate structure.
The corporate reorganisation involved SPACE transferring its investments in SP Holland Hill Private Limited and SP Property Pte Ltd, both property development companies, to BBR Development Pte Ltd (BBR Devt) (previously known as SP Development Pte Ltd). SPACE has also transferred its 100% equity in BBR Devt to BBR Holdings (S) Ltd.
There is no material financial impact on the earnings per share or net asset value per share of the Company and the Group for the current financial year ending 31 December 2010.
None of the directors or substantial shareholders of the Company has any interest, direct or indirect in the corporate reorganisation.
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