OTHERS ACQUISITION THE ENTIRE ISSUED AND PAID-UP CAPITAL OF VIVOCOM TRADING SDN. BHD. ("VTSB") CONSISTING OF 100 ORDINARY SHARES OF RM1.00 EACH.
|VIVOCOM INTL HOLDINGS BERHAD|
ACQUISITION THE ENTIRE ISSUED AND PAID-UP CAPITAL OF VIVOCOM TRADING SDN. BHD. ("VTSB") CONSISTING OF 100 ORDINARY SHARES OF RM1.00 EACH.
VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR "THE COMPANY") (Formerly known as Instacom Group Berhad)
Pursuant to Paragraph 9.19(24) of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Vivocom wishes to announce that Vivocom had on 7 October 2016 acquired the entire issued and paid-up capital of Vivocom Trading Sdn Bhd (“VTSB”) consisting of 100 ordinary shares of RM1.00 each, for a total cash consideration of RM100.00 from Choo Seng Choon and Ooi Eng Kean.
VTSB is a private limited company incorporated under the Companies Act 1965, on 18 July 2016 with an authorised paid-up capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each.
VTSB has not commenced business operation and subsequent to this acquisition, VTSB will function as the procurement division for Vivocom Group.
This acquisition will not have any material effect on the earnings and net assets of the Group for the financial year ending 31 December 2016.
None of the directors and/or major shareholders of Vivocom or persons connected to them have any interest, direct or indirect, in the above acquisition except for Choo Seng Choon who is a director of Vivocom and Ooi Eng Kean, who is a director of Neata Aluminium (Malaysia) Sdn Bhd, a subsidiary company of Vivocom.
This announcement is dated 7 October 2016.
Please refer attachment below.
|Company Name||VIVOCOM INTL HOLDINGS BERHAD|
|Date Announced||07 Oct 2016|
|Category||General Announcement for PLC|