TCS

0.190

+0.005 (+2.7%)

MULTIPLE PROPOSALS TCS GROUP HOLDINGS BERHAD (I) PROPOSED ACQUISITION; (II) PROPOSED ISSUE OF FREE WARRANTS; AND (III) PROPOSED NEW RRPT MANDATE (PROPOSED ACQUISITION AND PROPOSED ISSUE OF FREE WARRANTS ARE COLLECTIVELY KNOWN AS "PROPOSALS")

TCS GROUP HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
TCS GROUP HOLDINGS BERHAD
(I)	PROPOSED ACQUISITION; 
(II)	PROPOSED ISSUE OF FREE WARRANTS; AND
(III)	PROPOSED NEW RRPT MANDATE
(PROPOSED ACQUISITION AND PROPOSED ISSUE OF FREE WARRANTS ARE COLLECTIVELY KNOWN AS "PROPOSALS")

Unless otherwise defined, the abbreviations and definitions used in the announcements dated 17 November 2020, 30 November 2020 and 4 January 2021 in relation to the Proposals (“Announcements”) shall apply herein.

 

We refer to the Announcements in relation to the Proposals.

 

On behalf of the Board, RHB Investment Bank wishes to announce that, after due consideration and deliberation, the Board had on 8 January 2021 resolved to provide TCS’ Consent to the Vendor for the Proposed Disposal to GNB, subject to the following:

 

1. the SSA continues to be valid, binding and effective between TCS and the Vendor; and

 

2. GNB entering into a shareholders agreement with TCS assuming obligations and responsibilities of the Vendor pursuant to the Shareholders Agreement in all material aspect.

 

This announcement is dated 8 January 2021.






Announcement Info

Company Name TCS GROUP HOLDINGS BERHAD
Stock Name TCS
Date Announced 08 Jan 2021
Category General Announcement for PLC
Reference Number GA1-08012021-00045