TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN MELINAU TRANSPORT SDN BHD (MTSB) FROM SHIN YANG HOLDING SDN BHD (SHIN YANG HOLDING).
| SHIN YANG SHIPPING CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN MELINAU TRANSPORT SDN BHD (MTSB) FROM SHIN YANG HOLDING SDN BHD (SHIN YANG HOLDING). |
|
The Board of Directors of SYSCORP wishes to announce that SYSCORP had on 8 February 2021 entered into a conditional share sale and purchase agreement with Shin Yang Holding to acquire 10,000,000 ordinary shares in MTSB, representing the entire issued share capital of MTSB, for a total cash consideration of RM43,000,000 (“Proposed Acquisition”).
Please refer to the attachment for further details on the Proposed Acquisition.
This announcement is dated 8 February 2021. |
|
Please refer attachment below.
Announcement Info
| Company Name | SHIN YANG SHIPPING CORPORATION BERHAD |
| Stock Name | SYSCORP |
| Date Announced | 08 Feb 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08022021-00020 |