OTHERS SUBSCRIPTION OF ADDITIONAL SHARES IN KPS-HCM SDN BHD BY KUMPULAN PERANGSANG SELANGOR BERHAD
PROTASCO BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | SUBSCRIPTION OF ADDITIONAL SHARES IN KPS-HCM SDN BHD BY KUMPULAN PERANGSANG SELANGOR BERHAD |
Protasco Berhad (“Protasco”) wishes to announce that its wholly-owned subsidiary, HCM Engineering Sdn Bhd (“HCM”) had on 21 June 2017 entered into a Subscription Agreement with Kumpulan Perangsang Selangor Berhad (“KPS”) for the subscription of 1,715,000 ordinary shares by KPS in KPS-HCM Sdn Bhd (“KPS-HCM”) for the total cash consideration of RM1,715,000 (“Subscription”). The Subscription will result in HCM diluting its shareholdings in KPS-HCM from 70% to 49% and therefore ceased to be an indirect subsidiary of Protasco. The detailed announcement is attached herewith.
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Please refer attachment below.
Announcement Info
Company Name | PROTASCO BERHAD |
Stock Name | PRTASCO |
Date Announced | 21 Jun 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-21062017-00012 |