SEDANIA

0.195

-0.005 (-2.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SEDANIA INNOVATOR BERHAD ("SEDANIA" or "The Company") - SHARE SUBSCRIPTION AGREEMENT BETWEEN SEDANIA, ICANDY INTERACTIVE LIMITED, MR. MICHAEL BRODA AND ESPORTS PTE. LTD.

SEDANIA INNOVATOR BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SEDANIA INNOVATOR BERHAD ("SEDANIA" or "The Company") - SHARE SUBSCRIPTION AGREEMENT BETWEEN SEDANIA, ICANDY INTERACTIVE LIMITED, MR. MICHAEL BRODA AND ESPORTS PTE. LTD.

The Board of Directors of SEDANIA wishes to announce that the Company had on 3 October 2019 entered into a Share Subscription Agreement (“the Agreement”) with iCandy Interactive Limited (“iCandy”) and Mr. Michael Broda (“Michael”) to venture into electronic sports (“eSports”) businesses through Esports Pte. Ltd. (“ESPL”), a special purpose vehicle (“SPV”) newly incorporated to launch a global eSports tournament and media network (“Proposed Venture”).

 

Please refer to the attachment for further details of the Agreement.

 

This announcement is dated 3 October 2019.




Please refer attachment below.



Announcement Info

Company Name SEDANIA INNOVATOR BERHAD
Stock Name SEDANIA
Date Announced 03 Oct 2019
Category General Announcement for PLC
Reference Number GA1-03102019-00084