LAMBO

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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.

Attachments

Lambo Announcement_20200915.pdf
167.5 kB



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