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DNEX

0.275

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAGANG NeXCHANGE BERHAD ("DNeX") (1) SHARE SALE AGREEMENT FOR 49% OF THE ORDINARY SHARES IN GLOBAL ECOMMERCE LIMITED ("GECL"); AND (2) SHAREHOLDERS' AGREEMENT FOR GECL

DAGANG NEXCHANGE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DAGANG NeXCHANGE BERHAD ("DNeX") 
(1)	SHARE SALE AGREEMENT FOR 49% OF THE ORDINARY SHARES IN GLOBAL ECOMMERCE LIMITED ("GECL"); AND
(2)	SHAREHOLDERS' AGREEMENT FOR GECL

Save as otherwise expressly defined herein or the context otherwise requires, the terms and expressions used in this announcement shall bear the same meanings as the terms and expressions defined in our announcement dated 2 July 2019 (“Announcement”). Please note that this announcement should be read in conjunction with the Announcement, which is the first announcement in relation to the GECL Disposal.

 

We refer to our earlier Announcement on 2 July 2019 in relation to the GECL Disposal.

 

DNeX is pleased to announce that the GECL Disposal has been completed as at 12 September 2019 pursuant to the fulfillment of the terms and conditions as set out in the SSA. Accordingly, GECL has become an indirect 51% owned subsidiary of DNeX via Dagang Net.

 

This announcement is dated 12 September 2019.






Announcement Info

Company Name DAGANG NEXCHANGE BERHAD
Stock Name DNEX
Date Announced 12 Sep 2019
Category General Announcement for PLC
Reference Number GA1-12092019-00012