TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY") - SETTLEMENT AGREEMENT BETWEEN SE SATU SDN. BHD. AND SPRING ENERGY SDN. BHD., ITS INDIRECT 51% OWNED SUBSIDARIES WITH CITAGLOBAL BERHAD (FORMERLY KNOWN AS WZ SATU BERHAD) AND SALE AND PURCHASE AGREEMENT BETWEEN SINERGI DAYANG SDN. BHD. AND SE SATU SDN. BHD.
ADVANCECON HOLDINGS BERHAD |
Type | Announcement | ||||||||||||
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
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Description | ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY") - SETTLEMENT AGREEMENT BETWEEN SE SATU SDN. BHD. AND SPRING ENERGY SDN. BHD., ITS INDIRECT 51% OWNED SUBSIDARIES WITH CITAGLOBAL BERHAD (FORMERLY KNOWN AS WZ SATU BERHAD) AND SALE AND PURCHASE AGREEMENT BETWEEN SINERGI DAYANG SDN. BHD. AND SE SATU SDN. BHD. |
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Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Advancecon wishes to announce that SE Satu Sdn. Bhd. (“SE SATU”) and Spring Energy Sdn. Bhd. (“SESB”), indirect 51% owned subsidiaries of the Company had on 22 December 2022 entered into the following agreements with the parties named below for the following purposes:
(Collectively referred to as “Agreements”).
Please refer attachment for full details of the announcement.
This announcement is dated 22 December 2022. |
Please refer attachment below.
Announcement Info
Company Name | ADVANCECON HOLDINGS BERHAD |
Stock Name | ADVCON |
Date Announced | 22 Dec 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-20122022-00076 |