MULTIPLE PROPOSALS NICHE CAPITAL EMAS HOLDINGS BERHAD ("NICE" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; AND (II) PROPOSED SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| NICHE CAPITAL EMAS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | NICHE CAPITAL EMAS HOLDINGS BERHAD ("NICE" OR THE "COMPANY")
(I) PROPOSED DIVERSIFICATION; AND
(II) PROPOSED SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
This announcement is dated 6 January 2020 (“Announcement”).
On behalf of the Board of Directors of NICE (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that NICE proposes to undertake the following:-
1. proposed diversification of its existing core business to include construction and property related businesses (“Proposed Diversification”); and
2. proposed recurrent related party transactions (“RRPT”) to be entered into by NICE and its subsidiaries and associates (“NICE Group” or the “Group”) with related parties pursuant to the Proposed Diversification (“Proposed Shareholders’ Mandate”).
Please refer to the attachment for further details. |
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Please refer attachment below.
Announcement Info
| Company Name | NICHE CAPITAL EMAS HOLDINGS BERHAD |
| Stock Name | NICE |
| Date Announced | 06 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06012020-00059 |