Bursa Announcements

Date : 06 February 2015

OTHERS Heads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng

FUTUTECH BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionHeads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng

The Board of Directors of Fututech Berhad ("Company") is pleased to announce that the Company has on 6 February 2015 entered into a Heads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng (Vendors) to explore and negotiate further with the Vendors on a proposed acquisitions by the Company of the entire issued and paid-up share capital of each Kerjaya Prospek (M) Sdn. Bhd. and Permatang Bakti Sdn. Bhd. from the Vendors for a total indicative purchase consideration of RM380 million (Proposed Injection).

 

Details of the Proposed Injection and a press release in relation to the Proposed Injection are attached for information.



Announcement Info

Company NameFUTUTECH BERHAD  
Stock Name FUTUTEC    
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoCA-150206-44463

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