OTHERS Ancom Berhad ("Ancom") - Article titled "Redberry could be injected into Ancom Logistics"
|Description||Ancom Berhad ("Ancom") - Article titled "Redberry could be injected into Ancom Logistics"|
We refer to the news article entitled "Redberry could be injected into Ancom Logistics" in The Edge published today, 17 April 2017 in particular to the statement in the said Article that "Media advertising outfit Redberry Sdn. Bhd., a wholly-owned unit of Ancom Bhd, could be injected into Ancom Logistics Bhd as part of a group-wide restructuring exercise...".
We wish to inform that the Board of Directors of Ancom is constantly evaluating opportunities to optimise its Group's assets in order to create value for shareholders, which include a re-organisation of the assets of the Group and transferring media business within the Group. However, we are considering several proposals and no final decision has been made.
A detailed announcement will be released to Bursa Malaysia Securities Berhad upon confirmation of any corporate proposal in the Group.
This announcement is dated 17 April 2017.