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 |