TFP

0.170

-0.005 (-2.9%)

OTHERS TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - JOINT VENTURE CUM SHAREHOLDERS AGREEMENT BETWEEN THE COMPANY AND ACE CAPITAL GROWTH SDN BHD

TFP SOLUTIONS BERHAD

Type Announcement
Subject OTHERS
Description
TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY")
- JOINT VENTURE CUM SHAREHOLDERS AGREEMENT BETWEEN THE COMPANY AND ACE CAPITAL GROWTH SDN BHD

The Board of Directors of TFP Solutions Berhad (“TFP” or “the Company”) wishes to announce that the Company had on 4 January 2021 entered into a Joint Venture cum Shareholders Agreement (“JVSA”) with Ace Capital Growth Sdn Bhd (“ACE”)(hereinafter referred to collectively as “Parties” and individually as “Party”) to formalise and set out the basic terms of their relationship with each other via their respective investment participation in the joint venture through a joint venture company (“NEWCO”) to be incorporated to carry out the business of the joint venture as disclosed below (“Proposed Joint Venture”).

 

Details of the announcement are set out in the attachment below.

 

This announcement is dated 4 January 2021.




Please refer attachment below.



Announcement Info

Company Name TFP SOLUTIONS BERHAD
Stock Name TFP
Date Announced 04 Jan 2021
Category General Announcement for PLC
Reference Number GA1-04012021-00083