SMISCOR

0.740

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SMIS Corporation Berhad ("SMIS" or the "Company") - Proposed Disposal of 216,589 shares, representing 5.0% of the total issued share capital in PT. Grand Surya Techno, a wholly-owned subsidiary of the Company

SMIS CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SMIS Corporation Berhad ("SMIS" or the "Company")
- Proposed Disposal of 216,589 shares, representing 5.0% of the total issued share capital in PT. Grand Surya Techno, a wholly-owned subsidiary of the Company

The Board of Directors of SMIS wishes to announce that SMIS had on 13 January 2023 entered into an Agreement of Shares Sell and Purchase (“the Agreement”) with Sugihara Co. Ltd. for the proposed disposal of 216,589 shares, representing 5.0% of the total issued share capital in PT. Grand Surya Techno (“PTGST”), a wholly-owned subsidiary of the Company for a total sale consideration of USD197,858 (equivalent to approximately RM891,746) only (“Disposal Consideration”), subject to the terms and conditions as stipulated in the Agreement (the “Proposed Disposal”).

 

Please refer to the attachment for further details of the Proposed Disposal.

 

This announcement is dated 13 January 2023.




Please refer attachment below.



Announcement Info

Company Name SMIS CORPORATION BERHAD
Stock Name SMISCOR
Date Announced 13 Jan 2023
Category General Announcement for PLC
Reference Number GA1-13012023-00016