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SPH - A new diversified conglomerate
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MBULLISH
Elite |
19-Apr-2021 08:31
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Ready to cheong. Huat |
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MBULLISH
Elite |
19-Apr-2021 08:29
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INTRODUCTION The Board of Directors of Eurosports Global Limited (the &ldquo Company&rdquo , and together with its subsidiaries the " Group" ) wishes to announce that EuroSports Technologies Pte. Ltd. (" EST" ), a subsidiary of the Company, has on 16 April 2021 entered into a non-binding memorandum of understanding (" MOU" ) with Strides Transportation Pte. Ltd. (" Strides" ), a wholly-owned subsidiary of SMRT Road Holdings Ltd, which is engaged in the business of vehicle leasing, chauffeur services and sustainable urban mobility services, for a potential collaboration between Strides and EST (" Proposed Transaction" ), whereby: (i) EST will design, manufacture and supply a smart electric motorcycle ecosystem and (ii) Strides will be the sole distributor of the smart electric motorcycles supplied by EST in Singapore and the Asia Pacific region. 2. SALIENT TERMS OF THE MOU 2.1 Under the MOU, the Proposed Transaction will involve, inter alia, the following: (1) EST will develop and supply a smart electric motorcycle ecosystem to Strides, comprising, inter alia, (i) two or three wheel electric motor powered vehicles that are homologated for public roads and relevant to the charging systems in the appropriate territories, (ii) a system of interrelated and internet-connected physical objects which collect and exchange data with other devices and systems wirelessly, and (iii) other peripherals such as in-house charging stations and transport and safety gear which support the ecosystem and (2) Strides shall be the sole distributor of such smart electric motorcycles supplied by EST in the business-to-business (B2B) and business-to-government (B2G) markets in Singapore and the Asia Pacific region. 2.2 To facilitate the Proposed Transaction, EST and Strides have mutually granted an exclusivity period, commencing from the date of the MOU and up to 31 March 2022, for Strides to conduct a due diligence in respect of EST and its subsidiaries, and for EST and Strides to concurrently negotiate on the terms of the Proposed Transaction as well as definitive agreement(s). 2.3 The MOU is valid for a period of 12 months from the date of the MOU or the entry into by the parties into the definitive agreement(s), whichever is the earlier, and is not legally binding between the parties thereto. 3. RATIONALE FOR THE PROPOSED TRANSACTION The Proposed Transaction presents an opportunity for the Company to develop and grow its smart electric motor vehicles business segment in line with its ongoing efforts to make a positive contribution to the economic, social and environmental areas and development strategy of moving towards a more sustainable business model |
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MBULLISH
Elite |
15-Apr-2021 14:24
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Halt trading.
What?s the news? Lol Finally |
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MBULLISH
Elite |
13-Apr-2021 09:27
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Prices have been climbing up from 17 cent on buying volume.
Selling Lambo and Alfa Romeo cars Now launching EV bikes First in singapore own made in singapore Expected to produce 8000 bikes yearly EV is the in-thing now. Just like tesla. Eurosports ev bikes if selling well on launching this year wil improve its revenue and profits. Put this into your collection watchlist. Can accumulate at current range. Wait for breakout 30/305 Exciting ev bike business is the catalyst to its share price |
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