OTHERS CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") -DILUTION OF EQUITY INTEREST IN A SUBSIDIARY COMPANY, T-MELMAX SDN BHD
| CENSOF HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY")
-DILUTION OF EQUITY INTEREST IN A SUBSIDIARY COMPANY, T-MELMAX SDN BHD |
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The Board of Directors wishes to announce that Censof had entered into a Subscription Agreement ("SA") with Packet Interative Sdn Bhd (“PISB”) in order for PISB to subscribe 5,356,831 ordinary shares in T-Melmax Sdn Bhd (“TMAX”), a wholly-owned subsidiary of Censof with a subscription price of RM250,000 comprising 51% of the enlarged paid-up share capital of TMAX.
Upon the completion of the Conditions Precedent stated in the SA, Censof’s equity interest in TMAX shall be diluted to 49% and TMAX shall become an associate of Censof.
This announcement dated 28 September 2020. |
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Announcement Info
| Company Name | CENSOF HOLDINGS BERHAD |
| Stock Name | CENSOF |
| Date Announced | 28 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28092020-00062 |