Auric Pacific ditched entire stakes in Lifestyle Dining, Star Party

Total interest is comprised of 450,000 issued and paid-up ordinary shares.

Auric Pacific Group announced that its subsidiary Food Junction Holdings had disposed of its entire shareholding interest in Lifestyle Dining and Star Party.

It comprised of 250,000 issued and paid-up ordinary shares in the share capital of Lifestyle Dining which represent 100% of the total number of issued shares in the share capital of Lifestyle Dining, and 200,000 issued and paid-up ordinary shares in the share capital of Star Party which represent 100% of the total number of issued shares in the share capital of Star Party to an unrelated third party.

Accordingly, each of Lifestyle Dining and Star Party ceased to be a subsidiary of the Company.

Based on the latest announced unaudited accounts of the Group for the quarter ended 30 June 2016, the net tangible liability positions of Lifestyle Dining and Star Party are S6,994,555.00 and S$158,143.00 respectively.