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.