BURSA ANNOUCEMENTS

Date : 20 April 2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Acquisition of 90% Equity Interest in Entopest Environmental Services Sdn Bhd

ANCOM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Acquisition of 90% Equity Interest in Entopest Environmental Services Sdn Bhd

Further to the Company's announcement on 19 April 2016 on the above subject matter (Reference No : GA1-19042016-00056), the Company wishes to state that :

1. The Purchase Price shall be satisfied entirely by cash and will be financed via the  internally generated funds of ACC; and

2. ACC or the Company do not foresee any immediate requirement for any financial commitment for its investment in Entopest apart from the Purchase Price.

(Definitions used in this announcement shall have the same meanings as in the announcement dated 19 April 2016 mentioned above).

 

This announcement is dated 20 April 2016.






Announcement Info

Company Name ANCOM BERHAD
Stock Name ANCOM
Date Announced 20 Apr 2016
Category General Announcement for PLC
Reference Number GA1-20042016-00057