NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES POWER ROOT BHD ("POWER ROOT" OR THE "COMPANY") PROPOSED ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN THE FOLLOWING SUBSIDIARY COMPANIES OF POWER ROOT TO WONG TAK KEONG: - POWER ROOT DISTRIBUTOR SDN BHD; - ALICAFE ROASTERS SDN BHD; - POWER ROOT HK-CHINA COMPANY LIMITED; AND - SUPERWRAPZ INTERNATIONAL SDN BHD. (COLLECTIVELY, THE "PROPOSED SHARES ALLOTMENT")
| POWER ROOT BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description | POWER ROOT BHD ("POWER ROOT" OR THE "COMPANY")
PROPOSED ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN THE FOLLOWING SUBSIDIARY COMPANIES OF POWER ROOT TO WONG TAK KEONG:
- POWER ROOT DISTRIBUTOR SDN BHD;
- ALICAFE ROASTERS SDN BHD;
- POWER ROOT HK-CHINA COMPANY LIMITED; AND
- SUPERWRAPZ INTERNATIONAL SDN BHD.
(COLLECTIVELY, THE "PROPOSED SHARES ALLOTMENT") |
On behalf of the Board of Directors of Power Root, TA Securities Holdings Berhad wishes to announce that its subsidiaries, Power Root Distributor Sdn Bhd, Alicafe Roasters Sdn Bhd, Power Root HK-China Company Limited and Superwrapz International Sdn Bhd had on 31 January 2020, entered into four (4) respective conditional subscription agreements with various parties which include Wong Tak Keong, the managing director and substantial shareholder of Power Root. Further details of the Proposed Shares Allotment are set out in the announcement attached herein. This announcement is dated 31 January 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | POWER ROOT BERHAD |
| Stock Name | PWROOT |
| Date Announced | 31 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31012020-00091 |