PADINI

1.490

+0.05 (+3.5%)

OTHERS PADINI HOLDINGS BERHAD ("PADINI" OR "THE COMPANY") - ACQUISITION OF SHARES IN PADINI (THAILAND) CO. LTD BY PADINI DOT COM SDN BHD

PADINI HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
PADINI HOLDINGS BERHAD ("PADINI" OR "THE COMPANY")
- ACQUISITION OF SHARES IN PADINI (THAILAND) CO. LTD BY PADINI DOT COM SDN BHD

Reference is made to the announcement made on 26 June 2018 on the acquisition of subsidiary – Padini (Thailand) Co. Ltd.

 

The Board of Directors of Padini wishes to announce that Padini Dot Com Sdn Bhd (“PDC”), its wholly-owned subsidiary, had on 17 April 2019, acquired 7,000 shares of THB1,000 each, representing 5% of the paid-up capital of Padini (Thailand) Co. Ltd (“Padini Thailand”) for a total cash consideration of THB7,000,000. After the acquisition, Padini Thailand is owned by the following:

 

Padini

1%

Padini International Limited, Hong Kong

94%

PDC

5%

 

This announcement is dated 24 April 2019.

 

 






Announcement Info

Company Name PADINI HOLDINGS BERHAD
Stock Name PADINI
Date Announced 24 Apr 2019
Category General Announcement for PLC
Reference Number GA1-23042019-00059