BURSA ANNOUCEMENTS

Date : 22 April 2019

OTHERS PROPOSED DISPOSAL OF 40% EQUITY INTEREST IN PUNCAK BERLIAN SDN. BHD. HELD BY REDBERRY SDN. BHD.

ANCOM BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED DISPOSAL OF 40% EQUITY INTEREST IN PUNCAK BERLIAN SDN. BHD. HELD BY REDBERRY SDN. BHD.

Ancom Berhad (“the Company” or “Ancom”) wishes to announce that Redberry Sdn. Bhd. (“RSB”), a wholly-owned subsidiary of the Company and the Company had on 19 April 2019, entered into a Share Sale Agreement (“SSA”) with VGI Global Media (Malaysia) Sdn. Bhd. (“VGI Malaysia”) for the disposal of 6,850,042 ordinary shares, representing 40% of the issued and paid-up share capital, in Puncak Berlian Sdn. Bhd. held by RSB to VGI Malaysia at a consideration of RM9,600,000 only, subject to the terms and conditions stipulated in the SSA. 

 

Please refer to the attachment below for further details on the announcement.

 

This announcement is dated 22 April 2019.




Please refer attachment below.



Announcement Info

Company Name ANCOM BERHAD
Stock Name ANCOM
Date Announced 22 Apr 2019
Category General Announcement for PLC
Reference Number GA1-22042019-00104