ADVENTA

0.645

-0.025 (-3.7%)

OTHERS ADVENTA BERHAD ("ADVENTA" OR "THE COMPANY") VARIATION OF THE UTILISATION OF PROCEEDS ARISING FROM THE DISPOSAL BY ADVENTA TO MR LOW CHIN GUAN OF ITS ENTIRE EQUITY INTERST IN LUCENXIA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ADVENTA FOR A CASH CONSIDERATION OF RM11.0 MILLION ("LUCENXIA DISPOSAL") ("VARIATION")

ADVENTA BERHAD

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

VARIATION OF THE UTILISATION OF PROCEEDS ARISING FROM THE DISPOSAL BY ADVENTA TO MR LOW CHIN GUAN OF ITS ENTIRE EQUITY INTERST IN LUCENXIA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ADVENTA FOR A CASH CONSIDERATION OF RM11.0 MILLION ("LUCENXIA DISPOSAL") ("VARIATION")

Reference is made to the announcements by AmInvestment Bank Berhad (“AmInvestment Bank”) on behalf of Adventa in relation to the Lucenxia Disposal dated 5 February 2021, 23 February 2021, 8 April 2021, 3 May 2021 (“Earlier Announcements”) and the circular to the shareholders of Adventa in relation to the Lucenxia Disposal dated 24 March 2021. (“Circular”). Unless otherwise stated, the abbreviations and definitions used throughout this Announcement shall have the same meaning as those previously defined in the Earlier Announcements and Circular.

The Board of Directors wishes to announce that the Company intends to vary the utilisation of proceeds arising from the Lucenxia Disposal.

Please refer to the attachment for further details.

This announcement is dated 5 July 2021.




Please refer attachment below.



Announcement Info

Company Name ADVENTA BERHAD
Stock Name ADVENTA
Date Announced 05 Jul 2021
Category General Announcement for PLC
Reference Number GA1-05072021-00071