TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS WONG ENGINEERING CORPORATION BERHAD ("WECB" OR THE "COMPANY") SUBSCRIPTION OF 875,000 NEW ORDINARY SHARES IN BROADWAY LIFESTYLE SDN BHD ("BLSB") ("BLSB SHARE(S)"), REPRESENTING 35.0% OF THE ENLARGED NUMBER OF BLSB SHARES IN ISSUE FOR RM875,000, AND UP TO 14,875,000 NEW REDEEMABLE NON-CUMULATIVE PREFERENCE SHARES ("RNCPS") IN BLSB FOR AN AGGREGATE SUBSCRIPTION PRICE OF UP TO RM14,875,000, ALL TO BE SATISFIED ENTIRELY VIA CASH ("SUBSCRIPTION")
| WONG ENGINEERING CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | WONG ENGINEERING CORPORATION BERHAD ("WECB" OR THE "COMPANY")
SUBSCRIPTION OF 875,000 NEW ORDINARY SHARES IN BROADWAY LIFESTYLE SDN BHD ("BLSB") ("BLSB SHARE(S)"), REPRESENTING 35.0% OF THE ENLARGED NUMBER OF BLSB SHARES IN ISSUE FOR RM875,000, AND UP TO 14,875,000 NEW REDEEMABLE NON-CUMULATIVE PREFERENCE SHARES ("RNCPS") IN BLSB FOR AN AGGREGATE SUBSCRIPTION PRICE OF UP TO RM14,875,000, ALL TO BE SATISFIED ENTIRELY VIA CASH ("SUBSCRIPTION") |
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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Subscription. We refer to the announcement made by UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH"), on behalf of the board of directors of WECB ("Board"), on 1 April 2020, in relation to the Subscription. On behalf of the Board, UOBKH wishes to announce that BLSB had on 7 September 2020 allotted the 875,000 BLSB Shares to WECB, thus marking the completion of the Subscription.
This announcement is dated 8 September 2020. |
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Announcement Info
| Company Name | WONG ENGINEERING CORPORATION BERHAD |
| Stock Name | WONG |
| Date Announced | 08 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08092020-00034 |