OTHERS BONIA CORPORATION BERHAD ("BONIA" OR "COMPANY") - PROPOSED DEMERGER AND PROPOSED LISTING OF SBG HOLDINGS SDN. BHD. ("SBG") ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
BONIA CORPORATION BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | BONIA CORPORATION BERHAD ("BONIA" OR "COMPANY") - PROPOSED DEMERGER AND PROPOSED LISTING OF SBG HOLDINGS SDN. BHD. ("SBG") ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") |
The Board of Directors of the Company wishes to announce that the Company is contemplating the proposed disposal of the entire shareholdings in SB Directions Sdn. Bhd. (“SBD”) by Dominion Directions Sdn. Bhd., a wholly owned subsidiary of Bonia, to SBG (“Proposed Disposal”); the proposed demerger of SBG, its subsidiaries and SBD upon completion of the Proposed Disposal (collectively, SBG, its subsidiaries and SBD referred to as “SBG Group”) from Bonia (“Proposed Demerger”); and the proposed listing of SBG Group on the LEAP Market of Bursa Securities thereafter (“Proposed Listing of SBG”). The Proposed Disposal, Proposed Demerger and Proposed Listing of SBG are collectively referred to as “Proposals”.
Please refer to the attachment for the full text of this announcement.
This announcement is dated 25 February 2021. |
Please refer attachment below.
Announcement Info
Company Name | BONIA CORPORATION BERHAD |
Stock Name | BONIA |
Date Announced | 25 Feb 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-25022021-00178 |