YONGTAI

0.250

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OTHERS YONG TAI BERHAD ("YTB" OR "THE COMPANY") SHARE ACQUISITION AGREEMENT BETWEEN YTB AND TAN YEN YEN FOR THE PROPOSED ACQUISITION OF 70% EQUITY INTEREST OF HUOBI LABUAN LIMITED ("PROPOSED ACQUISITION")

YONG TAI BERHAD

Type Announcement
Subject OTHERS
Description
YONG TAI BERHAD ("YTB" OR "THE COMPANY")

SHARE ACQUISITION AGREEMENT BETWEEN YTB AND TAN YEN YEN FOR THE PROPOSED ACQUISITION OF 70% EQUITY INTEREST OF HUOBI LABUAN LIMITED ("PROPOSED ACQUISITION")

The Board of Directors of YTB (“Board”) wishes to announce that YTB has entered into a Share Acquisition Agreement (“SAA”) with Tan Yen Yen (“Vendor”) today for the proposed acquisition of 91,000 ordinary shares (“Sale Shares”), equivalent to 70% of the total issued and paid-up share capital of Huobi Labuan Limited (“Target Company”) for a total purchase consideration of USD210,000.00 (“Purchase Consideration”) subject to the terms and conditions as stipulated in the SAA (“Proposed Acquisition”).

 

The details of Proposed Acquisition is attached herewith.

 

 

This announcement is dated 8 June 2021.




Please refer attachment below.



Announcement Info

Company Name YONG TAI BERHAD
Stock Name YONGTAI
Date Announced 08 Jun 2021
Category General Announcement for PLC
Reference Number GA1-08062021-00113