After the transfer, Intraco Trading and Authentic Coffee will hold 51% and 49% of the shares in Intraco Prime, respectively.
Intraco (SGX:I06
) has announced the entry into a share transfer agreement between its wholly-owned subsidiary Intraco Trading and Authentic Coffee Holdings, both of which had entered into a joint venture (JV) agreement on Sept 6, 2022.
Intraco Trading will sell 19,000 ordinary shares in the capital of Intraco Prime, a separate Intraco subsidiary, to Authentic Coffee. The share transfer for a nominal consideration represents 19% of the total number of ordinary shares in the share capital of Intraco Prime.
