Proposed sale of business and assets by xyy chemicals pte ltd
Update: Oct 2011 - Thanks to One and ALL! The Business HAS BEEN SOLD! Plse email me if you're selling or looking for other businesses to buy!
1. Proposed sale
the board of directors of xyy chemicals pte ltd (''company'') wishes to announce that board of directors is intending to enter a business sale agreement (''agreement'') within six months with prospective buyers for the sale of the whole of xyy chemicals pte ltd as a going concern and its assets, as further described below (''proposed sale'').
The total consideration for the proposed sale payable by prospective buyers of xyy chemicals pte ltd is s$428,000 inclusive of gst but excluding all third party selling expenses.
Xyy chemicals pte ltd's - a 16-year-old company, principal activities are:
i. The development of cutting-edge multi-industry chemical formulations capable of independent patents, locally and internationally.
Ii. Manufacturing and trading in cleaners and degreasers, anti-corrosion, lubricants and related products.
Iii. Manufacturing of own brand of specialty chemical products used in general maintenance and repairs, namely, electrical and electronics, automotive, industrial and marine industries.
Iv. Development and expansion of own brand of products for the untapped commercial sector, such as, oil and gas industry, construction, manufacturing, aviation and marine industries. V. Aerosol filling services for private labels.
Vi. Collaborative arrangement with potential agents/distributors abroad to market products.
3. Rationale for the proposed sale and use of proceeds
the proposed sale are in line with the company's desire to streamline the owner's objectives of retiring and to enable the company to find entrepreneurs to rationalise its resources and capital more efficiently.
Email or call at 90045168 for more information on this chemical manufacturing business for sale.