TANCO

0.145

+0.01 (+7.4%)

OTHERS TANCO HOLDINGS BERHAD ("TANCO" OR "THE COMPANY") PROPOSED SUBSCRIPTION OF 728,572 NEW ORDINARY SHARES IN HERBITEC (M) SDN BHD BY GENIUM CORPORATION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WORLD VACATION OWNERSHIP SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TANCO ("PROPOSED SUBSCRIPTION")

TANCO HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
TANCO HOLDINGS BERHAD ("TANCO" OR "THE COMPANY")

PROPOSED SUBSCRIPTION OF 728,572 NEW ORDINARY SHARES IN HERBITEC (M) SDN BHD BY GENIUM CORPORATION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WORLD VACATION OWNERSHIP SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TANCO ("PROPOSED SUBSCRIPTION")

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 1 April 2021 in relation to the Proposed Subscription.)


Reference is made to the announcement made on 1 April 2021 on the subscription of 728,572 new ordinary shares in Herbitec (“New Shares”) at RM 0.9608 each, representing 51% of the total enlarged share capital of Herbitec.

 

The Board of Directors of Tanco wishes to announce that on 13 April 2021, the New Shares have been issued and allotted to Genium.

 

The Proposed Subscription is completed upon the issuance and allotment of the New Shares in Herbitec.

           


This announcement is dated 13 April 2021.






Announcement Info

Company Name TANCO HOLDINGS BERHAD
Stock Name TANCO
Date Announced 13 Apr 2021
Category General Announcement for PLC
Reference Number GA1-13042021-00061