WASCO

1.220

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WAH SEONG CORPORATION BERHAD ("WSC" OR "COMPANY") - ACQUISITION OF 100% EQUITY INTERESTS IN MMA OFFSHORE HOLDINGS PTE. LTD. AND MMA OFFSHORE INVESTMENTS PTE. LTD. RESPECTIVELY BY WASCO ENGINEERING GROUP LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

WAH SEONG CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
WAH SEONG CORPORATION BERHAD ("WSC" OR "COMPANY")
- ACQUISITION OF 100% EQUITY INTERESTS IN MMA OFFSHORE HOLDINGS PTE. LTD. AND MMA OFFSHORE INVESTMENTS PTE. LTD. RESPECTIVELY BY WASCO ENGINEERING GROUP LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

Further to the Company’s announcement made on 29 April 2022, the Board of Directors of WSC wishes to announce that the acquisition of 100% equity interests in MMA Offshore Holdings and MMA Offshore Investments by WEGL, an indirect wholly-owned subsidiary of the Company, is completed with the final instalment of the Purchase Price being paid on 1 December 2022 and hence, the Completion Date is deemed achieved in accordance to the terms of the SSA.

 

With the completion of the Sale Shares, MMA Offshore Holdings and MMA Offshore Investments become the wholly-owned subsidiaries of WEGL and the indirect subsidiaries of the Company accordingly.

 

While PT Jaya, a subsidiary of MMA Offshore Holdings and MMA Offshore Investments become an indirect wholly-owned subsidiary of WEGL.

 

(For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcement dated 29 April 2022)

 

This announcement is dated 1 December 2022.






Announcement Info

Company Name WAH SEONG CORPORATION BERHAD
Stock Name WASEONG
Date Announced 01 Dec 2022
Category General Announcement for PLC
Reference Number GA1-01122022-00078