OTHERS RECEIPT OF OFFER FROM ACCRELIST LTD (ACCRELIST) PROPOSING TO SELL 17.50% EQUITY INTEREST IN JUBILEE INDUSTRIES HOLDINGS LIMITED (JUBILEE) TO EG INDUSTRIES BERHAD ("EGIB" OR "COMPANY")
| EG INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | RECEIPT OF OFFER FROM ACCRELIST LTD (ACCRELIST) PROPOSING TO SELL 17.50% EQUITY INTEREST IN JUBILEE INDUSTRIES HOLDINGS LIMITED (JUBILEE) TO EG INDUSTRIES BERHAD ("EGIB" OR "COMPANY") |
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The Board of Directors of the Company (“Board”) wishes to announce that the Board has received a letter of offer dated 24 December 2019 (“Offer Letter”) from ACCRELIST proposing to sell 44,351,540 ordinary shares in the capital of JUBILEE (“Sale Shares”), representing approximately 17.50% of the issued and paid-up capital of JUBILEE, for a total consideration of S$6,950,475.00 (“Consideration”), to the Company (“Proposed Transaction” or “Offer”). Please refer to the attachment for the further details of the announcement. This announcement is dated 24 December 2019.
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Please refer attachment below.
Announcement Info
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG |
| Date Announced | 24 Dec 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24122019-00039 |