JASKITA

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS JASA KITA BERHAD ("JKB" or "the Company") - Proposed Acquisition of the entire issued share capital of GBH Bathroom Products Sdn Bhd and Crown Lynn Sdn Bhd

JASA KITA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
JASA KITA BERHAD ("JKB" or "the Company")
- Proposed Acquisition of the entire issued share capital of GBH Bathroom Products Sdn Bhd and Crown Lynn Sdn Bhd

The Board of Directors of JKB wishes to announce that the Company has on 10 January 2020 entered into a Share Purchase Agreement ("SPA") with Paragon Globe Berhad ("the Seller") for the proposed acquisition of the entire issued share capital of the Seller's two subsidiaries namely GBH Bathroom Products Sdn Bhd and Crown Lynn Sdn Bhd for a total cash consideration of RM10,200,001 ("the Proposed Acquisition").

 

The details of the Proposed Acquisition are as described in the attachment below.




Please refer attachment below.



Announcement Info

Company Name JASA KITA BERHAD
Stock Name JASKITA
Date Announced 10 Jan 2020
Category General Announcement for PLC
Reference Number GA1-07012020-00054