OTHERS BERMAZ AUTO BERHAD - ACQUISTION OF AN ADDITIONAL 35% STAKE IN BERJAYA AUTO ALLIANCE SDN BHD
BERMAZ AUTO BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | BERMAZ AUTO BERHAD - ACQUISTION OF AN ADDITIONAL 35% STAKE IN BERJAYA AUTO ALLIANCE SDN BHD |
The Board of Directors of Bermaz Auto Berhad (“BAuto” or “Company”) wishes to inform that the Company has acquired an additional 35% stake in Berjaya Auto Alliance Sdn Bhd (“BAASB”) from Berjaya Corporation Berhad for a cash consideration of RM4.58 million or at RM1.09 per BAASB share, which was based on the unaudited net assets value per share of BAASB as at 30 April 2021 (“Acquisition”). As a result, BAASB is now a 55% owned subsidiary of BAuto.
Pursuant to Chapter 10, Paragraph 10.2(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the highest percentage ratio that is applicable to the Acquisition is 3.71%.
Attached is a press release on the said Acquisition.
This Announcement is dated 8 June 2021. |
Please refer attachment below.
Announcement Info
Company Name | BERMAZ AUTO BERHAD |
Stock Name | BAUTO |
Date Announced | 08 Jun 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-08062021-00085 |