TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS JAG BERHAD ("JAG" OR "THE COMPANY") - PROPOSED DISPOSAL OF 12,070,000 ORDINARY SHARES IN JAG SCOOPS SDN. BHD. ("JAG SCOOPS"), REPRESENTING 100% OF THE EQUITY INTEREST IN JAG SCOOPS, FOR A TOTAL CASH CONSIDERATION OF RM400,000/- ("PROPOSED DISPOSAL")
| JAG BERHAD |
| Type | Announcement | ||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
||||||||||||||||||||
| Description | JAG BERHAD ("JAG" OR "THE COMPANY") - PROPOSED DISPOSAL OF 12,070,000 ORDINARY SHARES IN JAG SCOOPS SDN. BHD. ("JAG SCOOPS"), REPRESENTING 100% OF THE EQUITY INTEREST IN JAG SCOOPS, FOR A TOTAL CASH CONSIDERATION OF RM400,000/- ("PROPOSED DISPOSAL") |
||||||||||||||||||||
Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the previous announcement made by the Company pertaining to the Proposed Disposal. Further to the announcement made on 19 December 2025, the Board of Directors of JAG Berhad wishes to announce the additional information pertaining to the Proposed Disposal as follows:-.
1. The part(ies) from whom the total borrowings were obtained by JAG Scoops, the purpose of the borrowings and the breakdown thereof, and the interest rate.
The total borrowing and its details as at 30 September 2025 as follows:
*As on 16 December 2025, JAG Scoops had issue and allot 11,070,000 ordinary shares to JAG Berhad by way of capitalisation of the said liabilities.
2. Sources of fund by JAG Berhad in the original cost of investments in JAG Scoops.
The cost of the investment was financed through the Group’s internally generated funds.
This announcement is dated 23 December 2025.
|
|||||||||||||||||||||
Announcement Info
| Company Name | JAG BERHAD |
| Stock Name | JAG |
| Date Announced | 23 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22122025-00040 |