TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY") PROPOSED DISPOSAL BY ADVENTA TO MR LOW CHIN GUAN OF ITS ENTIRE EQUITY INTERST IN LUCENXIA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ADVENTA FOR A CASH CONSIDERATION OF RM11.0 MILLION ("PROPOSED LUCENXIA DISPOSAL")
| ADVENTA BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY")
PROPOSED DISPOSAL BY ADVENTA TO MR LOW CHIN GUAN OF ITS ENTIRE EQUITY INTERST IN LUCENXIA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ADVENTA FOR A CASH CONSIDERATION OF RM11.0 MILLION ("PROPOSED LUCENXIA DISPOSAL") |
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This announcement is dated 5 February 2021.
On behalf of the Board of Directors of Adventa, AmInvestment Bank Berhad wishes to announce that Adventa had on 5 February 2021, entered into a conditional share sale agreement (“SSA”) with Mr Low Chin Guan ("Buyer") for the disposal of the entire equity interest held by Adventa in Lucenxia (M) Sdn. Bhd. to the Buyer and/or his nominee(s) for a total cash consideration of RM11.0 million (“Consideration”), subject to the terms as set out in the SSA.
Further details of the Proposed Lucenxia Disposal are set out in the attachment. |
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Please refer attachment below.
Announcement Info
| Company Name | ADVENTA BERHAD |
| Stock Name | ADVENTA |
| Date Announced | 05 Feb 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05022021-00047 |