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Bursa Annoucements

Date: 29 June 2017

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


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.

 



 


ATTACHMENT

- AncomAnn(Unreserved).pdf

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