TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PASDEC HOLDINGS BERHAD ("PASDEC" OR "COMPANY") NON-RELATED PARTY TRANSACTION PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST COMPRISING 54,000,000 ORDINARY SHARES IN PAHANG OFF-SHORE SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PASDEC (PROPOSED DISPOSAL)
| PASDEC HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PASDEC HOLDINGS BERHAD ("PASDEC" OR "COMPANY")
NON-RELATED PARTY TRANSACTION
PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST COMPRISING 54,000,000 ORDINARY SHARES IN PAHANG OFF-SHORE SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PASDEC (PROPOSED DISPOSAL) |
|
The Board of Directors of Pasdec Holdings Berhad (“PASDEC” or “Company”) wishes to announce that on 10 December 2020, its wholly-owned subsidiary, Mutiara Pasdec Sdn Bhd (“MPSB” or “Vendor”) has entered into a conditional share sale and purchase agreement (“SSPA”) with WMW Realty Sdn Bhd (“WRSB” or “Purchaser”) for the disposal of the entire equity interest comprising 54,000,000 ordinary shares (“Sale Shares”) in Pahang Off-Shore Sdn Bhd (“POSB”) to WRSB for a total cash consideration of RM1.00 (“Proposed Disposal”).
Further details on the Proposed Disposal is set out in the ensuing attachment.
This announcement is dated 10 December 2020. |
|
Please refer attachment below.
Announcement Info
| Company Name | PASDEC HOLDINGS BERHAD |
| Stock Name | PASDEC |
| Date Announced | 10 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10122020-00086 |