TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AYS VENTURES BERHAD ("AYS" OR THE "COMPANY") - PROPOSED ACQUISITION BY AYS, THROUGH ITS WHOLLY-OWNED SUBSIDIARY, AYS CAPITAL SDN BHD (FORMERLY KNOWN AS HEAPI ENTERPRISE SDN BHD), OF 51.0% EQUITY INTEREST IN STEELARIS PTE LTD ("PROPOSED ACQUISITION")
| AYS VENTURES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | AYS VENTURES BERHAD ("AYS" OR THE "COMPANY")
- PROPOSED ACQUISITION BY AYS, THROUGH ITS WHOLLY-OWNED SUBSIDIARY, AYS CAPITAL SDN BHD (FORMERLY KNOWN AS HEAPI ENTERPRISE SDN BHD), OF 51.0% EQUITY INTEREST IN STEELARIS PTE LTD ("PROPOSED ACQUISITION") |
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Reference is made to AYS’s announcement on 9 May 2019 in relation to the Proposed Acquisition (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
The Board of Directors of AYS wishes to announce that all conditions precedent under the SPA have been satisfied or waived in accordance with the terms and conditions of the SPA and the payment of Consideration has been received by the Vendors on 23 July 2019, marking the completion of the Proposed Acquisition. Steelaris effectively becomes a 51% subsidiary of the AYS Group with effect from 23 July 2019.
This announcement is dated 23 July 2019. |
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Announcement Info
| Company Name | AYS VENTURES BERHAD |
| Stock Name | AYS |
| Date Announced | 23 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072019-00091 |