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.
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 |