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 |