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Bursa Annoucements

Date: 16 November 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ANCOM BERHAD - PROPOSED DISPOSAL OF AN EQUITY INTEREST IN PUNCAK BERLIAN SDN. BHD. HELD BY REDBERRY SDN. BHD.


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description ANCOM BERHAD - PROPOSED DISPOSAL OF AN 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 had on 16 November 2017, entered into a Share Sale Agreement ("SSA") with VGI Global Media (Malaysia) Sdn. Bhd. ("VGI Malaysia") for the disposal of 4,281,277 ordinary shares, representing 25% of the issued and paid-up share capital, in Puncak Berlian Sdn. Bhd. held by RSB to VGI Malaysia at a consideration of RM13,154,175 (Ringgit Malaysia Thirteen Million One Hundred Fifty-Four Thousand One Hundred and Seventy-Five) only, subject to the terms and conditions stipulated in the SSA ("Proposal").

 

Further details of the Proposal are stated in the file attached.

 

This announcement is dated 16 November 2017. 



 


ATTACHMENT

- Ancom-Proposed Disposal of Shares in PBSB.pdf

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