OTHERS GLOBAL ORIENTAL BERHAD ("GOB") PROPOSED DISPOSAL OF 91.7% EQUITY INTEREST IN STRATEGIC DELIGHT SDN BHD
GLOBAL ORIENTAL BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | GLOBAL ORIENTAL BERHAD ("GOB") PROPOSED DISPOSAL OF 91.7% EQUITY INTEREST IN STRATEGIC DELIGHT SDN BHD |
Pursuant to paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of GOB wishes to announce that Versatile Flagship Sdn Bhd (“Vendor”), a wholly-owned subsidiary of GOB, had on 13 February 2019 entered into a Share Sale Agreement with Kgrill Malaysia Sdn Bhd (“Purchaser”) for the disposal of 687,500 ordinary shares, representing 91.7% equity interest in Strategic Delight Sdn Bhd (“SDSB”) for a cash consideration of RM1.00 (“Proposed Disposal”).
SDSB is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 6 July 2015, with an issued and paid-up share capital of RM1,299,517.00 consisting of 750,000 ordinary shares. SDSB is principally engaged in food and beverage business. Upon completion of the Proposed Disposal, SDSB shall cease to be a subsidiary of GOB.
The Proposed Disposal is not expected to have any material effect on the earnings and net assets of GOB Group.
None of the directors and/or major shareholders of GOB and/or persons connected to them have any interest, direct or indirect, in the Proposed Disposal.
This announcement is dated 13 February 2019. |
Announcement Info
Company Name | GLOBAL ORIENTAL BERHAD |
Stock Name | GOB |
Date Announced | 13 Feb 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-13022019-00021 |