TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AVANGAAD BERHAD (FORMERLY KNOWN AS E.A. TECHNIQUE (M) BERHAD) [REGISTRATION NO. 199301001779 (256516-W)] ("AVANGAAD" OR THE "COMPANY") PROPOSED SALE OF VESSEL BY THE COMPANY FOR A TOTAL CONSIDERATION OF USD10,500,000.00
| AVANGAAD BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | AVANGAAD BERHAD (FORMERLY KNOWN AS E.A. TECHNIQUE (M) BERHAD)
[REGISTRATION NO. 199301001779 (256516-W)] ("AVANGAAD" OR THE "COMPANY")
PROPOSED SALE OF VESSEL BY THE COMPANY FOR A TOTAL CONSIDERATION OF USD10,500,000.00 |
Pursuant to Paragraph 10.06 of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements, the Board of Directors of the Company wishes to announce that the Company had on 12 August 2025, entered into a Memorandum of Agreement (“MOA” or “the Agreement”) with MTC Energy Sdn. Bhd.[Registration No. 202001012715 (1369035-X)] (“MTC” or “the Purchaser”) for the sale of vessel, namely FOIS Nautica Tembikai for a total consideration of USD10,500,000.00 only (“the Consideration”) subject to the terms and conditions contained in the MOA (“the Proposed Sale of Vessel”). Please refer to the attachment for further details of the announcement. This announcement is dated 13 August 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | AVANGAAD BERHAD |
| Stock Name | AVANGAAD |
| Date Announced | 13 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13082025-00040 |