An unknown buyer acquired 30% stake in Sysma Properties Pte Ltd from Sysma Holdings Limited (SGX:5UO) for SGD 0.3 million on July 19, 2013. Post acquisition, Sysma Holdings Limited holds a 70% stake in Sysma Properties Pte Ltd. In addition to the purchase of 30% equity stake in Sysma Properties ,the purchaser also offered to inject a long term loan of SGD 2.7 million into Sysma Properties. The sale of the 30% shareholding in Sysma Properties is not expected to have any material impact on the Group's consolidated net tangible assets and earnings per share for the financial year ending July 31, 2013. Patsy Phay and Goh Wee Gin of Mileage Communications Pte Ltd acted as the public relations advisor for Sysma Holdings Limited.

An unknown buyer completed the acquisition of 30% stake in Sysma Properties Pte Ltd from Sysma Holdings Limited (SGX:5UO) on July 19, 2013.