PMBTECH

2.620

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PMB TECHNOLOGY BERHAD ("PMBT") (I) DISPOSAL OF THE ENTIRE EQUITY INTERESTS IN PMB CENTRAL SDN BHD, PMB NORTHERN SDN BHD AND PMB EASTERN SDN BHD BY EVERLAST ALUMINIUM (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PMBT, TO PMB (KLANG) SDN BHD, FOR AN AGGREGATE CASH CONSIDERATION OF RM43,182,000; AND (II) DISPOSAL OF THE ENTIRE EQUITY INTEREST IN PMB ALUMINIUM SABAH SDN BHD BY PMBT TO PMB (KLANG) SDN BHD FOR A CASH CONSIDERATION OF RM1,204,000 (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

PMB TECHNOLOGY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PMB TECHNOLOGY BERHAD ("PMBT") 

(I)	DISPOSAL OF THE ENTIRE EQUITY INTERESTS IN PMB CENTRAL SDN BHD, PMB NORTHERN SDN BHD AND PMB EASTERN SDN BHD BY EVERLAST ALUMINIUM (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PMBT, TO PMB (KLANG) SDN BHD, FOR AN AGGREGATE CASH CONSIDERATION OF RM43,182,000; AND 

(II)	DISPOSAL OF THE ENTIRE EQUITY INTEREST IN PMB ALUMINIUM SABAH SDN BHD BY PMBT TO PMB (KLANG) SDN BHD FOR A CASH CONSIDERATION OF RM1,204,000

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the announcements dated 29 October 2019, 3 December 2019 and 18 December 2019 in relation to the Proposals.

 

On behalf of the Board of Directors of PMBT, Alliance Investment Bank Berhad is pleased to announce that the Proposals have been completed today.

 

 

This announcement is dated 19 December 2019.






Announcement Info

Company Name PMB TECHNOLOGY BERHAD
Stock Name PMBTECH
Date Announced 19 Dec 2019
Category General Announcement for PLC
Reference Number GA1-19122019-00093