MYEG

0.985

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MY E.G. Services Berhad ("MYEG" or "the Company") - Share Sale Agreement and Put and Call Option Agreement entered by MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company

MY E.G. SERVICES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
MY E.G. Services Berhad ("MYEG" or "the Company") 
- Share Sale Agreement and Put and Call Option Agreement entered by MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company

The Board of Directors of the Company wishes to announce that MY E.G. Capital Sdn. Bhd. [Registration No. 201201000819 (974343-K)] ("MYEG Capital"), a wholly owned subsidiary of the Company had on 10 June 2020 entered into the following agreements:-

  • Share Sale Agreement with Merrington Assets Limited (Company No. 1896290) (“MAL”) and the Company for the purchase of 118,000,000 ordinary shares of S5 Holdings Inc. (Company No. LL14071) ("S5"), representing 10% of the issued and paid-up share capital of S5 by MYEG Capital from MAL for a total purchase consideration of RM90,000,000.00, to be satisfied partly by cash and partly by shares; and
  • Put and Call Option Agreement ("PCOA") with MAL to accept and grant option from/to MAL, pursuant to the terms and conditions as set out in the PCOA.

Please refer to the attachment for further details.

 

This announcement is dated 10 June 2020.


Please refer attachment below.

Attachments

MY E.G. Services Berhad - Share Sale Agreement and Put and Call Option Agreement.pdf
226.2 kB


Announcement Info

Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 10 Jun 2020
Category General Announcement for PLC
Reference Number GA1-10062020-00064


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