Cogent subsidiary gets capital boost

The issued and paid-up share capital of SH Cogent Logistics is now S$17 million.

The Board of Directors of Cogent Holdings Limited announced that its wholly-owned subsidiary SH Cogent Logistics Pte Ltd has increased its issued and paid-up share capital from SGD300,000.

The capital increase was made by way of allotment and issue of 16.7 million new shares at S$1 per share for cash to the company.

The announcement said the transaction was funded through internal resources and will not have any impact on Cogent’s net tangible assets or earnings per share for the financial year ending 31 December 2012.

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