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News

Additional Investment By Wholly-Owned Subsidiary

The Board of Directors of HLN Technologies Limited wishes to announce that HLN Micron Pte. Ltd. ("HLN Micron") a wholly owned subsidiary of HLN Technologies Limited had increased its investment in HLN Metal Centre Pte. Ltd. ("HLN Metal") through the subscription of 1,250,000 ordinary shares, fully paid, for a total consideration of S$500,000.

Following the aforesaid subscription of shares, the number of shares held by HLN Micron in the capital of HLN Metal has increased from 2,250,000 ordinary shares to 3,500,000 ordinary shares.

The additional investment by HLN Micron in HLN Metal is not expected to have any material effect on the earnings per share or net tangible assets per share of the Group for the current financial year.

None of the directors or controlling or substantial shareholders of the Company has any interest, direct or indirect, in the above transactions other than through their shareholdings in the Company.

By order of the Board


Wa Kok Liang
Executive Director