PEC Ltd. (SGX:IX2) acquired remaining 49% stake in Car-ber Pte. Ltd from CAR-BER Testing (Singapore) Pte. Ltd. for SGD 0.13 million on December 31, 2013. Under the terms of the agreement, PEC Ltd. acquired 0.196 million shares of Car-ber Pte. Ltd. The purchase consideration is payable in two tranches, with SGD 0.05 million having been paid to CAR-BER Testing (Singapore) Pte. Ltd on completion and the balance to be paid following finalization of the December 31, 2013 value. The purchase consideration was funded by internal sources. Post acquisition, Car-ber Pte. Ltd became a wholly-owned subsidiary of PEC Ltd. The acquisition is not expected to have any material impact on the net tangible assets or earning per share of PEC Ltd for the current financial year.

PEC Ltd. (SGX:IX2) completed the acquisition of remaining 49% stake in Car-ber Pte. Ltd from CAR-BER Testing (Singapore) Pte. Ltd. on December 31, 2013.