XOXNET

0.030

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD) ("XOX NETWORKS" OR THE "COMPANY") - VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") AND ESTIMATED AGGREGATED VALUE

XOX NETWORKS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD) ("XOX NETWORKS" OR THE "COMPANY")
- VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") AND ESTIMATED AGGREGATED VALUE

Further to the Company’s announcement dated 18 March 2022 in respect of the variation by 10% or more between actual value of RRPT and estimated value of the RRPT for the provision of event management services and digital solution services by the Company’s wholly-owned subsidiaries, Trumpet International Sdn. Bhd. (formerly known as Macpie Pro Sdn. Bhd.) and Octagon Media Sdn. Bhd. (formerly known as Macpie Entertainment Sdn. Bhd.) respectively to Cheetah Corporation (M) Sdn. Bhd., the Company wishes to announce that the actual value of the same RRPT collectively has further exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 29 October 2021 by more than 10% (“Variation”).

 

Further details of the Variation are provided in “Table A” annexed herewith.

 

This announcement is dated 11 May 2022.




Please refer attachment below.



Announcement Info

Company Name XOX NETWORKS BERHAD
Stock Name XOXNET
Date Announced 11 May 2022
Category General Announcement for PLC
Reference Number GA1-10052022-00066