Seroja Investments Ltd

[TerryT]

https://links.sgx.com/1.0.0/corporate-an...0final.pdf

The board of directors ("Board") of the Company (and together with its subsidiaries, the 
"Group") wishes to announce that the Company has today entered into a conditional sale and 
purchase agreement (“SPA”) with Mr. Masdjan (“Masdjan”, or the “Purchaser”), an Executive 
Director and Chief Operating Officer of the Group, pursuant to which the Company has agreed 
to sell, and the Purchaser has agreed to acquire the entire issued and paid up share capital of 
Trans LK Marine Pte. Ltd. (“TLM”), which comprises the Business (as defined below) as a 
going concern and all the TLM Business Assets (as defined below) for an aggregate 
consideration of US$32,160,000 (“Consideration”), upon the terms and subject to the 
conditions of the SPA (“Proposed Disposal”). Masdjan is also a substantial shareholder of the 
Company

[TerryT]

Independent Director of seroja, Mr Yap Kian Peng, presently an Executive Director and Deputy 
Chairman of Jackspeed Corporation Limited, also entered into a letter of intent to buy over "Jackspeed business assets" at $48m on 27th May 2019.

https://links.sgx.com/1.0.0/corporate-an...202019.pdf