Contaminated mist: Workers at Fukushima ?sprayed? with radioactive water. 

Published time: August 12, 2013 15:47

Edited time: August 12, 2013 16:57

http://rt.com/news/fukushima-workers-contaminated-radiation-393/

This is a serious issue and Transcu has the solution.  

INTRODUCTION

The Board of Directors (the ?Board?) of Transcu Group Limited (the " Company" ) refers to the announcements dated 2 July 2013 on the outcome of the hearing for summary judgment against the Company and bonds subscription by Green Technology Inc. (?AGT?) as well as the update announcement dated 9 July 2013.

Further to these announcements, the Board is pleased to notify the shareholders that the following:

(a) a settlement agreement dated 22 July 2013 (the ?SLD Settlement Agreement?) has been entered into between Transcu Ltd. (?TL?), a wholly- owned subsidiary of the Company, and S.L. Development Pte Ltd (?SLD?) in relation to the summary judgment obtained by SLD in Suit No. 815 of 2012/N against TL on 26 June 2013 for the sum of S$1,469,218.96 (the ?Judgment Debt?) with interest at the contractual interest rate of 12% per annum payable from 18 January 2013 till when the Judgment Debt is paid, plus costs of the action fixed at S$33,611.79 inclusive of reasonable disbursements, with damages to be separately assessed (the ?Judgment?)

(b) AGT has as of the date of this announcement, subscribed for an aggregate total of S$3,000,000 worth of Bonds and

(c) a binding and conditional term sheet (the ?Term Sheet?) dated 22 July 2013 has been entered into between the Company and Advance Opportunities Fund (the ?ELN Subscriber?) in connection with the issuance by the Company to the ELN Subscriber of one per cent. unsecured equity-linked redeemable structured notes due 2016 (the ?Notes?) with an aggregate principal amount of up to S$50 million in 3 tranches.

Mr. Tan serves as the Executive Director and Chairman of the Investment Committee of the Group, overseeing the Group's investment and merger and acquisition activities. Mr. Tan also serves as Executive Director and Deputy Chairman of Contel Corporation Limited and Director of Advance Capital Partners. Prior to this, Mr. Tan was the Head of Institutional Sales and Dealing in RHB Securities Sdn Bhd, Malaysia. Mr. Tan has been investing across numerous markets both in the private and public domain and has held several management positions in Banking and Stock broking industry since 1991. Mr. Tan graduated from the National University of Singapore with a Second Class Honours (Upper Division) Degree in Engineering (Mechanical) and holds a Diploma in Marketing from the Marketing Institute of Singapore.