Announcements

Date : 21 June 2017

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.

 




Please refer attachment below.

Attachments

KPS-HCM Subscription .pdf
183.6 kB



Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 21 Jun 2017
Category General Announcement for PLC
Reference Number GA1-21062017-00012



Back