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UTUSAN

0.100

(-1.5E-6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF 2 ORDINARY SHARES OF RM1.00 EACH WHICH REPRESENT 100% OF THE TOTAL SHARE CAPITAL IN LITEGREEN TECHNOLOGY SDN BHD (FORMERLY KNOWN AS UTUSAN TECHNOLOGY ASIA SDN BHD) (PROPOSED DISPOSAL)

UTUSAN MELAYU (MALAYSIA) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF 2 ORDINARY SHARES OF RM1.00 EACH WHICH REPRESENT 100% OF THE TOTAL SHARE CAPITAL IN LITEGREEN TECHNOLOGY SDN BHD (FORMERLY KNOWN AS UTUSAN TECHNOLOGY ASIA SDN BHD) (PROPOSED DISPOSAL)

Pursuant to Paragraph 9.19 (24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Utusan Melayu (Malaysia) Berhad ('Utusan' or 'the Vendor') wishes to announce that it has on 25 March 2019 entered into a Share Sale Agreement ('the Share Sale Agreement') with DBMM Jaya Sdn Bhd (Company No:1102576-K) ('DBMM' or 'the Purchaser') for the disposal of 2 ordinary shares of RM1.00 each ('the Shares') which represent 100% of the total share capital in Litegreen Technology Sdn Bhd (formerly known as Utusan Technology Asia Sdn Bhd) (Company No.: 1220598-A) (‘LTSB’) ('Proposed Disposal’) for the purchase consideration of RM5,000.00 (Ringgit Malaysia : Five Thousand) only ('the Purchase Price'), upon such terms and subject to the conditions contained in the Share Sale Agreement.

 

Please refer to the attached file for details of the announcement.

 

This announcement is dated 25 March 2019




Please refer attachment below.

Attachments

Disposal of Shares in LTSB.pdf
196.6 kB



Announcement Info

Company Name UTUSAN MELAYU (MALAYSIA) BERHAD
Stock Name UTUSAN
Date Announced 25 Mar 2019
Category General Announcement for PLC
Reference Number GA1-25032019-00110