TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LAMBO GROUP BERHAD ("LAMBO" or "the Company") INVESTMENT IN K-STAR SPORTS LIMITED ("KSTAR")
LAMBO GROUP BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | LAMBO GROUP BERHAD ("LAMBO" or "the Company") INVESTMENT IN K-STAR SPORTS LIMITED ("KSTAR") |
The Board of Directors of LAMBO wishes to announce that its wholly-owned subsidiary, Oriented Media Holdings Limited in Hong Kong, had on 15 September 2020 acquired 90,000,000 ordinary shares of K-Star Sports Limited (“KSTAR”), representing 19.78% of the issued and paid up capital of KSTAR, at RM0.135 per share (“KSTAR Shares”) for a total cash consideration of RM12,150,000 (“Consideration”) (“Investment”) from open market.
Please refer to the attachment for further details of the Investment.
This announcement is dated 15 September 2020. |
Please refer attachment below.
Announcement Info
Company Name | LAMBO GROUP BERHAD |
Stock Name | LAMBO |
Date Announced | 15 Sep 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-15092020-00084 |