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BCMALL

0.140

-0.005 (-3.4%)

OTHERS BCM ALLIANCE BERHAD ("BCM" OR "COMPANY") LETTER OF INTENT FOR THE PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES AND PROPOSED ACQUISITION OF EXISTING ORDINARY SHARES IN FOODICT MAKER SDN BHD ("FOODICT") BY BCM ALLIANCE BERHAD OR ITS NOMINEE ("PURCHASER")

BCM ALLIANCE BERHAD

Type Announcement
Subject OTHERS
Description
BCM ALLIANCE BERHAD ("BCM" OR "COMPANY") 

LETTER OF INTENT FOR THE PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES AND PROPOSED ACQUISITION OF EXISTING ORDINARY SHARES IN FOODICT MAKER SDN BHD ("FOODICT") BY BCM ALLIANCE BERHAD OR ITS NOMINEE ("PURCHASER")

On behalf of the Board of Directors of BCM, M&A Securities Sdn Bhd wishes to announce that the Company had on 3 September 2019 entered into a Letter of Intent (“LOI”) with Lee Chin Fong, Lee Beng Wai, Hsu Feng Chih and Foodict (collectively “Parties”) with the intention to enter into negotiation in relation to the:

 

  1. proposed subscription of 133,333 new ordinary shares in Foodict, representing  25% enlarged equity interest of Foodict by the Purchaser (“Proposed Subscription”); and
  2. proposed acquisition from Lee Chin Fong, Lee Beng Wai and Hsu Feng Chih (collectively the “Vendors”) of a total of 138,667 existing ordinary shares representing 26% enlarged equity interest in Foodict by the Purchaser (“Proposed Acquisition”)

(Collectively “Proposed Transactions”).

 

Please refer to the attachment for further details.

 

This announcement is dated 3 September 2019.




Please refer attachment below.



Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 03 Sep 2019
Category General Announcement for PLC
Reference Number GA1-03092019-00094