COMFORT

0.485

-0.015 (-3%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS COMFORT GLOVES BERHAD ("CGB" OR "COMPANY") PROPOSED ACQUISITION BY CGB OF THE ENTIRE EQUITY INTEREST IN GOLDHILL MELODY SDN. BHD. ("GMSB") FOR A TOTAL CASH CONSIDERATION OF RM25,750,000 ("PROPOSED ACQUISITION")

COMFORT GLOVES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
COMFORT GLOVES BERHAD ("CGB" OR "COMPANY")

PROPOSED ACQUISITION BY CGB OF THE ENTIRE EQUITY INTEREST IN GOLDHILL MELODY SDN. BHD. ("GMSB") FOR A TOTAL CASH CONSIDERATION OF RM25,750,000 ("PROPOSED ACQUISITION")

We refer to the announcement dated 9 March 2022 in relation to the Proposed Acquisition (“Earlier Announcement”). Unless the context otherwise requires, the terms used herein shall carry the same meaning as those defined in the Earlier Announcement.

 

The Board of CGB wishes to announce that the Proposed Acquisition had on 10 June 2022, been completed in accordance with the terms of the SPA. Accordingly, GMSB has become a wholly-owned subsidiary of CGB.

 

This announcement is dated 13 June 2022.






Announcement Info

Company Name COMFORT GLOVES BERHAD
Stock Name COMFORT
Date Announced 13 Jun 2022
Category General Announcement for PLC
Reference Number GA1-23032022-00014