TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YBVB" OR THE "COMPANY") - ACQUISITION OF SHARES IN PROLEXUS BERHAD
YB VENTURES BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YBVB" OR THE "COMPANY") - ACQUISITION OF SHARES IN PROLEXUS BERHAD |
The Board of Directors of YBVB wishes to announce that Yi-Lai Marketing Sdn Bhd and Yi-Lai Industry Berhad, the wholly-owned subsidiaries of the Company had as of 25 March 2022, acquired 16,495,400 and 13,395,400 ordinary shares respectively of Prolexus Berhad (“PROLEXUS”) representing a total equity interest of 11.60% for a total consideration of RM16,767,286 (“Purchase Consideration”) in cash via open market transaction (hereinafter referred to as the “Acquisition”). Pursuant to Paragraph 10.08 (11) (d) of Main Market Listing Requirements, the Acquisition is Non-Related Party Transactions.
Please refer to the attachment for more details.
This announcement is dated 28 March 2022. |
Please refer attachment below.
Announcement Info
Company Name | YB VENTURES BERHAD |
Stock Name | YB |
Date Announced | 28 Mar 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-28032022-00063 |