POS

0.480

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POS MALAYSIA BERHAD ("POS MALAYSIA" OR "THE COMPANY") - PROPOSED DISPOSAL OF EQUITY INTEREST IN WORLD CARGO AIRLINE SDN BHD (FORMERLY KNOWN AS POS ASIA CARGO EXPRESS SDN BHD) ('WCA") BY POS AVIATION SDN BHD TO ASIA CARGO NETWORK SDN BHD ("ACN") AND PROPOSED ISSUANCE AND SUBSCRIPTION OF NEW SHARES IN WCA BY ACN (COLLECTIVELY "PROPOSED TRANSACTION")

POS MALAYSIA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
POS MALAYSIA BERHAD ("POS MALAYSIA" OR "THE COMPANY")
- PROPOSED DISPOSAL OF EQUITY INTEREST IN WORLD CARGO AIRLINE SDN BHD (FORMERLY KNOWN AS POS ASIA CARGO EXPRESS SDN BHD) ('WCA") BY POS AVIATION SDN BHD TO ASIA CARGO NETWORK SDN BHD ("ACN") AND PROPOSED ISSUANCE AND SUBSCRIPTION OF NEW SHARES IN WCA BY ACN (COLLECTIVELY "PROPOSED TRANSACTION")

We refer to the announcements made in relation to the Proposed Transaction on 19 August 2020 and 17 December 2020.

The Company wishes to announce that the Proposed Transaction was completed on 31 December 2020 in accordance with the terms and conditions of the Share Sale and Share Subscription Agreement.

 

The announcement is dated 5 January 2021.






Announcement Info

Company Name POS MALAYSIA BERHAD
Stock Name POS
Date Announced 05 Jan 2021
Category General Announcement for PLC
Reference Number GA1-17122020-00081