CENSOF

0.355

+0.015 (+4.4%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") OF 30.87% EQUITY INTEREST IN ASIAN BUSINESS SOFTWARE SOLUTIONS PTE LTD (ABSS), AN EXISTING SUBSIDIARY OF THE COMPANY FOR A TOTAL CASH CONSIDERATION OF RM14,065,260 ("PROPOSED ACQUISITION")

CENSOF HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") OF 30.87% EQUITY INTEREST IN ASIAN BUSINESS SOFTWARE SOLUTIONS PTE LTD (ABSS), AN EXISTING SUBSIDIARY OF THE COMPANY FOR A TOTAL CASH CONSIDERATION OF RM14,065,260 ("PROPOSED ACQUISITION")

Further to the annoucements made on 25 January 2021 and 27 January 2021 pertaining to the Proposed Acquisition by Censof of 30.87% equity interest in Asian Business Software Solutions Pte Ltd (ABSS), an existing subsidiary of the Company for a total cash consideration of RM14,065,260 ("Proposed Acquisition"), the Company wishes to announce that all conditions precedent as stated in the Share Sale and Purchase Agreement ("SSPA") has been fullfilled hence, 162,305 Ordinary Shares has been duly transferred to Censof.

 

With the completion of the Proposed Acquisition, Censof will increased its equity stake in ABSS from the current 58.20% to 89.07%.

 

This announcement dated 1 April 2021.






Announcement Info

Company Name CENSOF HOLDINGS BERHAD
Stock Name CENSOF
Date Announced 01 Apr 2021
Category General Announcement for PLC
Reference Number GA1-01042021-00012