CCIB

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CC INTERNATIONAL BERHAD - PROPOSED ACQUISITION OF THE BUSINESS OF DWATS PRACTICE TRUST THROUGH DWATS PTY LTD [ABN:35 623 533 004] ("DPL"), A SPECIAL PURPOSE VEHICLE WHICH WILL BE 90% OWNED BY CCIB, FOR A TOTAL PURCHASE CONSIDERATION OF AUSTRALIAN DOLLAR SEVEN HUNDRED FIFTY THOUSAND (AUD750,000.00) ("PROPOSED ACQUISITION")

CC INTERNATIONAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
CC INTERNATIONAL BERHAD - PROPOSED ACQUISITION OF THE BUSINESS OF DWATS PRACTICE TRUST THROUGH DWATS PTY LTD
[ABN:35 623 533 004] ("DPL"), A SPECIAL PURPOSE VEHICLE WHICH WILL BE 90% OWNED BY CCIB, FOR A TOTAL PURCHASE
CONSIDERATION OF AUSTRALIAN DOLLAR SEVEN HUNDRED FIFTY THOUSAND (AUD750,000.00) ("PROPOSED ACQUISITION")

The Board of Directors of CCIB (“Board”) is pleased to announce that the Company had on 1 July 2022 entered into an agreement with Damien Shee Wong (“DW”) and Jun Shern Ng
("JSN”) (“Agreement”), both being the joint trustees of DWATS Practice Trust [ABN: 21 278 486 932] ("DWATS Trust” or “Vendor”), for the proposed acquisition of the business
(comprising the clientele and assets) of DWATS Trust through DPL, a special purpose vehicle which will be 90% owned by CCIB, for a total purchase consideration of Australian Dollar
(“AUD”) Seven Hundred Fifty Thousand (AUD750,000.00) (“Purchase Price”) ("Proposed Acquisition").

 

Please refer to the attached announcement for further details of the Proposed Acquisition.


This announcement is dated 1 July 2022.


Please refer attachment below.

Attachments

Statement - Acquisition of DWATS Trust (Australia).pdf
138.8 kB


Announcement Info

Company Name CC INTERNATIONAL BERHAD
Stock Name CCIB
Date Announced 01 Jul 2022
Category General Announcement for PLC
Reference Number GA1-01072022-00084


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