JES International announces acquisition of a wholly - owned subsidiary in Singapore
JES International Holdings Limited has completed the acquisition of BEBE Singapore Pte Ltd on 19 May 2017. The issued and paid - up capital of the subsidiary is S$1.00, comprising of 1 ordinary share of S$1.00 each in the subsidiary. The subsidiary was incorporated by Ms Pang Jet Seng ( one of JES International’s executive director ) as a nominee shareholder for and on behalf of JES International in the interest of time. JES International subsequently acquired the entire 1 ordinary share of the subsidiary from Ms Pang Jet Seng for a cash consideration of S$1.00, being the equivalent of the entire issued and paid - up capital of the subsidiary.