WIDAD

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OTHERS WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY") EXECUTION OF HEADS OF AGREEMENT ("HOA") OF WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP, WITH PALM SHORE HOLDINGS SDN BHD ("PSHSB"), NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PSHSB

WIDAD GROUP BERHAD

Type Announcement
Subject OTHERS
Description
WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY") 

EXECUTION OF HEADS OF AGREEMENT ("HOA") OF WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP,  WITH PALM SHORE HOLDINGS SDN BHD ("PSHSB"), NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PSHSB

On behalf of the Board of Directors of Widad, M&A Securities Sdn Bhd wishes to announce that WCB had on 14 April 2021 entered into a HOA with PSHSB and the shareholders of PSHSB, namely, NBT and MGY (collectively referred to as “the Vendors”), holding 7,000,000 ordinary shares representing  an aggregate of 100% equity interest in PSHSB.

 

Kindly refer to the attachment for further details on the Announcement.

 

The announcement is dated 14 April 2021




Please refer attachment below.

Attachments

Widad - HOA.pdf
345.0 kB



Announcement Info

Company Name WIDAD GROUP BERHAD
Stock Name WIDAD
Date Announced 14 Apr 2021
Category General Announcement for PLC
Reference Number GA1-14042021-00088