Roxy-Pacific Holdings boosts shares in Roxy Residential

Investment ballooned from $2 to $1m.

In an SGX release, the Board of Directors of Roxy-Pacific Holdings Limited announced that the Company has increased its investment in its wholly-owned subsidiary, Roxy Residential Pte. Ltd., by subscribing an additional 999,998 ordinary shares for a total consideration of S$999,998.00 thereby increasing the investment of the Company in Roxy Residential from S$2.00 to S$1,000,000.00.

Subsequent to the above subscription, the shareholdings held by the Company in Roxy Residential remain unchanged at 100%.

The above investment is funded through internal resources and is not expected to have any material impact on the earnings per share and the net tangible assets per share of the Company for the current financial year ending 31 December 2012.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia