ECOFIRS

0.355

-0.005 (-1.4%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ECOFIRST CONSOLIDATED BHD ("ECOFIRST" OR "COMPANY") PROPOSED ACQUISITION BY ECOFIRST OF 51% EQUITY INTEREST IN BCM HOLDINGS SDN BHD FOR A PURCHASE CONSIDERATION OF RM81,600,000

ECOFIRST CONSOLIDATED BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ECOFIRST CONSOLIDATED BHD ("ECOFIRST" OR "COMPANY")

PROPOSED ACQUISITION BY ECOFIRST OF 51% EQUITY INTEREST IN BCM HOLDINGS SDN BHD FOR A PURCHASE CONSIDERATION OF RM81,600,000

This announcement is dated 7 April 2021 ("Announcement").

 

On behalf of the Board of Directors of EcoFirst ("Board"), AmInvestment Bank Berhad ("AmInvestment Bank") wishes to announce that EcoFirst had on 6 April 2021, entered into a conditional share sale agreement with Yeoh Siok Choo ("Ms Yeoh") and Tan You Tiong ("Mr Tan") (collectively, the "Vendors") for the proposed acquisition of 51% equity interests in BCM Holdings Sdn Bhd ("BCM") comprising of 1,020,000 ordinary shares (“BCM Shares”) and 2,040,000 redeemable convertible preference shares (“BCM RCPS”) (collectively, the “Sale Securities”), for a purchase consideration of RM81.60 million (“Purchase Consideration”) (“SSA”), and subject to the terms and conditions of the SSA (“Proposed BCM Acquisition”).

 

Kindly refer to the attachment for the details of the Proposed BCM Acquisition.




Please refer attachment below.



Announcement Info

Company Name ECOFIRST CONSOLIDATED BHD
Stock Name ECOFIRS
Date Announced 07 Apr 2021
Category General Announcement for PLC
Reference Number GA1-07042021-00089