RL

0.340

-0.01 (-2.9%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SHARE SUBSCRIPTION IN PROPEL GLOBAL BERHAD ("PGB")

RESERVOIR LINK ENERGY BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SHARE SUBSCRIPTION IN PROPEL GLOBAL BERHAD ("PGB")

The Board of Directors of Reservoir Link Energy Bhd (“RLEB” or “The Company”) is pleased to announce that on 28 April 2022 RLEB has been successfully allotted 25,000,000 ordinary shares of Propel Global Berhad (“PGB”) at placement price of RM0.20 per share for an aggregate sum of RM5,000,000 (“Purchase Consideration”) in cash from (“PGB Share Subscription”).

Please refer to the attachment below for further details on the PGB Share Subscription.

This announcement is dated 29 April 2022.




Please refer attachment below.



Announcement Info

Company Name RESERVOIR LINK ENERGY BHD
Stock Name RL
Date Announced 29 Apr 2022
Category General Announcement for PLC
Reference Number GA1-29042022-00029