Enviro-Hub Holdings Ltd

 

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Proposed Acquisition Of The Remaining 36.3% Shareholdings In Cimelia Resource Recovery Pte. Ltd.

BackDec 06, 2006

Further to the announcements dated 6 November 2006 and 9 November 2006, the Board of Directors of Enviro-Hub Holdings Ltd (the "Company") wishes to announce that the Company has today entered into a Sale and Purchase Agreement (the "S&P Agreement") with Ms Seow Siew Lan ("Seow"), Mr Mohamed Gani Mohamed Ansari, Mr Venkatesha Murthy, Mr Ong Chee Kang (collectively the "Vendors") for the acquisition of the remaining 36.3% shareholdings, comprising 2,743,765 ordinary shares in Cimelia Resource Recovery Pte. Ltd. from the Vendors.

Also under the S&P Agreement, Mr Raymond Ng Ah Hua will acquire 40,000,000 Consideration Shares from Seow.

In this announcement, except so far as the context otherwise requires or unless this announcement expressly otherwise provides, all words and expressions as defined in the announcement dated 6 November 2006 shall have the same meanings when used or referred to herein.

A copy of the S&P Agreement will be made available for inspection during normal business hours at the Company's registered office for a period of 3 months from the date of this announcement.