TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS JOHAN HOLDINGS BERHAD ("JOHAN" OR THE "COMPANY") PROPOSED DISPOSAL BY JOHAN INVESTMENT PRIVATE LIMITED, A WHOLLY-OWNED SUBSIDIARY OF JOHAN, OF THE ENTIRE EQUITY INTEREST IN DINERS CLUB (SINGAPORE) PRIVATE LIMITED TO EZY NET PTE. LTD. FOR A DISPOSAL CONSIDERATION OF SGD103,586,103 (EQUIVALENT TO APPROXIMATELY RM313.98 MILLION) ("PROPOSED DISPOSAL")
| JOHAN HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | JOHAN HOLDINGS BERHAD ("JOHAN" OR THE "COMPANY")
PROPOSED DISPOSAL BY JOHAN INVESTMENT PRIVATE LIMITED, A WHOLLY-OWNED SUBSIDIARY OF JOHAN, OF THE ENTIRE EQUITY INTEREST IN DINERS CLUB (SINGAPORE) PRIVATE LIMITED TO EZY NET PTE. LTD. FOR A DISPOSAL CONSIDERATION OF SGD103,586,103 (EQUIVALENT TO APPROXIMATELY RM313.98 MILLION)
("PROPOSED DISPOSAL") |
|
On behalf of the Board of Directors of Johan ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") is pleased to announce that Johan Investment Private Limited, a wholly-owned subsidiary company of Johan, had on 24 December 2020, entered into a conditional share purchase agreement with Ezy Net Pte. Ltd. (the "Purchaser"), Candypay Holdings Pte. Ltd. and Genesis Business Holdings Pte. Ltd. for the disposal of 4,645,256 ordinary shares of Diners Club (Singapore) Private Limited ("DCS") ("Sale Share(s)"), representing the entire equity interest in DCS for a disposal consideration of SGD103,586,103 (equivalent to approximately RM313.98 million) ("Disposal Consideration") in accordance with the terms and conditions of the conditional share purchase agreement.
Further details of the Proposed Disposal are set out in the attachment enclosed.
This announcement is dated 24 December 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | JOHAN HOLDINGS BERHAD |
| Stock Name | JOHAN |
| Date Announced | 24 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24122020-00100 |