BURSA ANNOUCEMENTS

Date : 29 June 2017

OTHERS ANCOM BERHAD - DISPOSAL OF SHARES IN WHOLLY-OWNED SUBSIDIARY

ANCOM BERHAD

Type Announcement
Subject OTHERS
Description
ANCOM BERHAD
-	DISPOSAL OF SHARES IN WHOLLY-OWNED SUBSIDIARY

Ancom Berhad (“Ancom” or the “Company”) wishes to announce that its wholly-owned subsidiary, Redberry Sdn. Bhd. (“Redberry”) had, on 29 June 2017, entered into a Share Sale Purchase Agreement with Newsmakers Productions Sdn. Bhd. for disposal of 2,375,000 ordinary shares, representing 95% of the issued and paid-up share capital, in Unreserved Sdn. Bhd. (“Unreserved”) for a total consideration of RM50,000 (“Proposed Disposal”).

 

Upon completion of the Proposed Disposal, Unreserved shall cease to be a subsidiary of Redberry, which in turn a subsidiary of Ancom.  

 

Further details of the Proposed Disposal are stated in the filed attached.

 

This announcement is dated 29 June 2017.

 




Please refer attachment below.

Attachments

AncomAnn(Unreserved).pdf
68.4 kB



Announcement Info

Company Name ANCOM BERHAD
Stock Name ANCOM
Date Announced 29 Jun 2017
Category General Announcement for PLC
Reference Number GA1-29062017-00054