Sapphire announced that Best Feast Limited (“Best Feast”) and Ou Rui Group Limited (“Ou Rui”) have acquired additional Sapphire shares as a sign of their confidence in the Company. Details are as follows: 1. Best Feast, a company incorporated in the British Virgin Islands and beneficially owned by 34 individuals was the owner of Ranken Infrastructure Limited (“Ranken”). Sapphire previously acquired Ranken from Best Feast with part of its acquisition consideration funded by the issuance of 165m new ordinary Shares at the issue price of S$0.10 per Consideration Share. (Best Feast has 55m shares at the issue price of $0.30, post share consolidation of 1 share for every 3 shares owned). On 9 September 2016, Best Feast acquired an additional 36.17m Shares from ACH Investments Pte Ltd at the price of approximately S$0.265 per Share via an off-market transaction, bringing its total shareholding interests in the ......