TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PUC BERHAD ("PUC" OR THE "COMPANY") PROPOSED ISSUANCE OF UP TO 256,000,000 NEW ORDINARY SHARES IN PUC ("PUC SHARES") AT THE ISSUE PRICE OF RM0.125 PER PUC SHARE FOR THE SETTLEMENT OF RM32.00 MILLION OWING TO CHEONG CHIA CHOU, TAN PEE TEE AND CHEOW SOOK MEI ("PROPOSED SETTLEMENT")
| PUC BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | PUC BERHAD ("PUC" OR THE "COMPANY")
PROPOSED ISSUANCE OF UP TO 256,000,000 NEW ORDINARY SHARES IN PUC ("PUC SHARES") AT THE ISSUE PRICE OF RM0.125 PER PUC SHARE FOR THE SETTLEMENT OF RM32.00 MILLION OWING TO CHEONG CHIA CHOU, TAN PEE TEE AND CHEOW SOOK MEI ("PROPOSED SETTLEMENT") |
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On behalf of the Board of Directors of PUC (“Board”), MIDF Investment wishes to announce that the Company has entered into a conditional settlement agreement dated 5 April 2021 with Cheong Chia Chou, Tan Pee Tee and Cheow Sook Mei (“Settlement Vendors”) to settle the RM32.00 million owing to the Settlement Vendors via the issuance of 256,000,000 PUC Shares (“Settlement Shares”) at an issue price of RM0.125 per Settlement Share.
Please refer to the attachment for further details on the Proposed Settlement.
This announcement is dated 5 April 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | PUC BERHAD |
| Stock Name | PUC |
| Date Announced | 05 Apr 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05042021-00096 |