Key Quantitative Figures
- Acquisition consideration: US $85,000 (Eighty-Five Thousand United States Dollars)
- Stake acquired: 100% of the issued and outstanding ordinary share capital
Parties Involved
- Agreement executed by: Telge Global Inc (Previously known as Telge Projects Inc), a material subsidiary of Telge Projects Limited
- Counterparties: Wheaton Detailing Services, Inc. (as Company) and Andrew J. Wheaton (as Seller) and Patrice Wheaton (as Seller)
- Listed entity relationship: Telge Projects Limited is the ultimate holding company; will become step-down subsidiary upon completion
- Relationship status: Sellers are not related parties to Telge Projects Limited
Purpose and Rationale
Telge Global Inc entered into the agreement to acquire 100% of Wheaton Detailing Services, Inc., which provides structural steel detailing and steel design services in the USA. The acquisition will make WDS Inc a wholly owned subsidiary of Telge Global Inc and consequently a step-down subsidiary of Telge Projects Limited.
Significant Terms
- Acquisition of 100% ordinary share capital of Wheaton Detailing Services, Inc.
- Consideration: US $85,000
- Business of target: Structural steel detailing and steel design services in USA
- Completion subject to satisfaction of conditions precedent as specified in the SPA
Financial and Operational Impact
- The listed entity (Telge Projects Limited) is not a party to the Share Purchase Agreement
- No direct financial liability imposed upon the listed entity
- No shareholding in the entity prior to acquisition
- No management or control impact on the listed entity
- Transaction does not qualify as related party transaction
- No shares allotted to listed entity directly
Status and Conditions
The acquisition completion is subject to satisfaction of certain conditions precedent as specified in the Share Purchase Agreement. The listed entity received the agreement on August 31, 2026.
#Tags #TelgeProjects #SEBIDisclosure #RegulatoryCompliance #M&A #Neutral