TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS POWER ROOT BERHAD ("PRB" OR "THE COMPANY") PUT OPTION AGREEMENTS BETWEEN PRB AND WONG TAK KEONG RELATING TO THE FOLLOWING SUBSIDIARIES:- POWER ROOT DISTRIBUTOR SDN. BHD. ("PRD"); ALICAFE ROASTERS SDN. BHD. ("ARSB"); POWER ROOT HK-CHINA COMPANY LIMITED ("PRHK"); AND SUPERWRAPZ INTERNATIONAL SDN. BHD ("SISB")
| POWER ROOT BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | POWER ROOT BERHAD ("PRB" OR "THE COMPANY")
PUT OPTION AGREEMENTS BETWEEN PRB AND WONG TAK KEONG RELATING TO THE FOLLOWING SUBSIDIARIES:-
POWER ROOT DISTRIBUTOR SDN. BHD. ("PRD");
ALICAFE ROASTERS SDN. BHD. ("ARSB");
POWER ROOT HK-CHINA COMPANY LIMITED ("PRHK"); AND
SUPERWRAPZ INTERNATIONAL SDN. BHD ("SISB") |
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The Board of Directors of Power Root Berhad (“PRB” or “the Company” or “Grantor”) (“Board”) wishes to inform that the Company had on 31 March 2021, entered into separate Put Option Agreements (“the Agreements”) with Mr Wong Tak Keong (“WTK” or “Grantee”), the Company’s Chief Executive Officer, to grant him a put option over all his shares held (“Option shares”) in its subsidiaries, namely Power Root Distributor Sdn. Bhd. (“PRD”), Alicafe Roasters Sdn. Bhd. (“ARSB”), Power Root HK-China Company Limited (“PRHK”) and Superwrapz International Sdn. Bhd. (“SISB”) (individually referred to as “Subsidiary” and collectively referred to as “Subsidiaries”) (“Put Option(s)”).
This announcement is dated 31 March 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | POWER ROOT BERHAD |
| Stock Name | PWROOT |
| Date Announced | 31 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30032021-00025 |