OTHERS EA HOLDINGS BERHAD ("EAH" or ("Company") PROPOSED ACQUISITION BY EAH OF 5,000,000 ORDINARY SHARES OF RM1.00 EACH IN MURASAKI TECHNOLOGY SDN BHD ("MTSB"), REPRESENTING 100% EQUITY INTEREST IN MTSB FROM CHIA KOK CHIN AND LOW TEE CHOW FOR A TOTAL PURCHASE CONSIDERATION OF RM18,000,000 TO BE FULLY SATISFIED VIA CASH ("PROPOSED ACQUISITION")
| EA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | EA HOLDINGS BERHAD ("EAH" or ("Company") PROPOSED ACQUISITION BY EAH OF 5,000,000 ORDINARY SHARES OF RM1.00 EACH IN MURASAKI TECHNOLOGY SDN BHD ("MTSB"), REPRESENTING 100% EQUITY INTEREST IN MTSB FROM CHIA KOK CHIN AND LOW TEE CHOW FOR A TOTAL PURCHASE CONSIDERATION OF RM18,000,000 TO BE FULLY SATISFIED VIA CASH ("PROPOSED ACQUISITION") |
The board of directors of EAH ("Board") is pleased to announce that the Company had, on 25 July 2014, entered into a conditional share sale and purchase agreement ("SPA") with Chia Kok Chin and Low Tee Chow (collectively, the "Vendors") for the proposed acquisition by EAH of 5,000,000 ordinary shares of RM1.00 each in MTSB ("MTSB Share(s)") ("Sale Shares") representing 100% of the issued and paid up share capital of MTSB for a total purchase consideration of RM18,000,000 ("Purchase Consideration") to be fully satisfied via cash ("Proposed Acquisition").
Please refer to the attachment for further details. This announcement is dated 25 July 2014.
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Announcement Info
| Company Name | EA HOLDINGS BERHAD (ACE Market) |
| Stock Name | EAH |
| Date Announced | 25 Jul 2014 |
| Category | General Announcement |
| Reference No | CZ-140724-56254 |