AEI Corp

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Share buyback today @ 95.5 cents:
https://links.sgx.com/1.0.0/corporate-an...82dfd7dbd8

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Dejavu.

https://links.sgx.com/FileOpen/20191230_...eID=591907

PROPOSED SALE OF 12 PENJURU LANE

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Based on the unaudited consolidated financial statements of the Group for the first half ended 30
June 2019, the book value of the Property was approximately S$1,810,000 as at 30 June 2019.
The excess of the Sale Consideration over the book value of the Property amounts to
approximately S$17,190,000. After deducting the estimated expenses in connection with the
Proposed Sale of approximately S$100,000, the net gain on the Proposed Sale is approximately
S$17,090,000.

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Seems that ACW is AEI's neighbour (20 Penjuru Lane):

https://www.google.com/maps/@1.3086445,1...384!8i8192

[lonewolf]

The Board of Directors of AEI Corporation Ltd. wishes to announce that it intends to undertake a capital reduction exercise to return to shareholders of the Company surplus capital of the Company in excess of its needs by way of a cash distribution by the Company to Shareholders of S$0.36 for each ordinary share in the capital of the Company held by the Shareholders.

Details: THE PROPOSED CAPITAL REDUCTION

The Board of Directors of AEI Corporation Ltd. wishes to announce that it has on 31 December 2020 entered into a sale and purchase agreement with Capital Impetus Group Limited, pursuant to which the Company will acquire from the Vendor all issued shares in the issued share capital of MTBL Global Pte. Ltd. for an aggregate consideration of up to S$20,000,000, subject to the terms and conditions of the SPA.

The principal business of MTBL Global Pte. Ltd is the distribution of alcoholic and non-alcoholic beverages and liquor, and investment holding. MTBL Global Pte. Ltd owns the exclusive distributor rights to market and sell Moutai Bulao 125ml liquor products worldwide (except in mainland China) for the period ending 31 December 2027.

Details: PROPOSED ACQUISITION OF 100% SHAREHOLDING INTEREST IN MTBL GLOBAL PTE. LTD.

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AEI Corporation Ltd. launched VRAI, US’s first and only USDA certified 5.5% organic premium hard seltzer

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

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With their relatively low calorie, low sugar, and low carbohydrate content, the drink’s organic
ingredients and its unique seltzer taste, as well as the convenience of drinking from a can and
its cost-effective price, Vrai is expected to become a major force in the market and gain
significant market share in a relatively new product category by leveraging on their first mover
advantage in the Asian markets. By tapping on this, the Group is planning to launch Vrai in Asia
markets where Singapore will be the first stop, followed by China, Hong Kong and Vietnam.

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https://links.sgx.com/1.0.0/corporate-an...f4407a3ddb

PROPOSED SALE OF 12 PENJURU LANE – EXERCISE OF CALL OPTION

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The Board wishes to announce that the Purchaser has on 5 March 2021 exercised the Call Option. Accordingly, the Vendor and the Purchaser are deemed to have entered into the Purchase Agreement for the sale of the Property on 5 March 2021.

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

PROPOSED SALE OF 12 PENJURU LANE – COMPLETION

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The Board is pleased to announce that Completion of the Proposed Sale took place on 31 March 2021. Accordingly, the Company has received the payment of the balance Sale Consideration (after deduction of the Deposit and other amounts permitted under the Purchase Agreement) for the Property from the Purchaser.