TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS T7 Global Berhad ("T7" or "the Company") - Proposed acquisition by Tanjung Offshore Services Sdn. Bhd. ("Tanjung Offshore" or the "Purchaser"), a wholly-owned subsidiary of T7, of 245,000 ordinary shares of Fircroft Tanjung Sdn. Bhd. ("FTSB"), representing 49.0% equity interest in FTSB, for a purchase consideration of 49% of FTSBs net assets as at 31 January 2021 to be satisfied entirely via cash ("Proposed Acquisition")
| T7 GLOBAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | T7 Global Berhad ("T7" or "the Company") - Proposed acquisition by Tanjung Offshore Services Sdn. Bhd. ("Tanjung Offshore" or the "Purchaser"), a wholly-owned subsidiary of T7, of 245,000 ordinary shares of Fircroft Tanjung Sdn. Bhd. ("FTSB"), representing 49.0% equity interest in FTSB, for a purchase consideration of 49% of FTSBs net assets as at 31 January 2021 to be satisfied entirely via cash ("Proposed Acquisition") |
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The Board of Directors of T7 Global wishes to announce that Tanjung Offshore Services Sdn. Bhd., a wholly-owned subsidiary of the Company, had on 29 January 2021 entered into a share sale agreement ("SSA") with Fircroft Engineering Services Limited (“FESL”), in relation to the acquisition of 245,000 ordinary shares (“Sale Shares”) in FTSB, representing 49% equity interest in FTSB from FESL, for a cash purchase consideration of 49% of FTSB’s net assets as at 31 January 2021.
Please refer to the attached file for details of the announcement.
This announcement is dated 2 February 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | T7 GLOBAL BERHAD |
| Stock Name | T7GLOBAL |
| Date Announced | 02 Feb 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02022021-00071 |