Article Entitled: "Theta Edge said to buy 70% of Transit Acquirer from MOF Inc"
| THETA EDGE BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-06032023-00001 |
| Subject | Article Entitled: "Theta Edge said to buy 70% of Transit Acquirer from MOF Inc" |
| Description | THETA EDGE BERHAD ("Theta" or "the Company")
- Clarification in relation to the article published by The Edge on 6 March 2023 entitled: Theta Edge said to buy 70% of Transit Acquirer from Ministry of Finance (MOF) |
| Query Letter Contents | We refer to the above article appearing in The Edge Malaysia, Page 16, on Monday, 6 March 2023, a copy of which is enclosed for you reference.
(a) "...Theta Edge Bhd... is believed to be acquiring a 70% stake in Transit Aquirer Sdn Bhd (TASB) from the Ministry of Finance Inc (MOF Inc) for an undisclosed amount..."
(b) "...Theta Edge has been awarded the tender for the 70% stake in TASB..."
(c) "An investor of Theta Edge also confirmed that the company has won the bid for the stake."
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major sharesholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply via Bursa Link by today.
Yours faithfully, Regulation Cc : Market Surveillance Dept. , Securities Commission (via fax) |
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The Company wishes to refer to the article published by The Edge on 6 March 2023 entitled: "Theta Edge said to buy 70% of Transit Acquirer from Ministry of Finance (MOF)," as attached.
The article mentioned that: -
The Company, upon due inquiry with its Board of Directors, its substantial shareholders, and all such person reasonably familiar with the matter, wishes to confirm that the Company has participated in the request for proposal issued by Minister of Finance (Incorporated) on 5 January 2022 to acquire 70% equity interest in Transit Acquirer Sdn Bhd ("TASB").
As of the date of this announcement, the Company has not entered into any definitive agreement to acquire 70% equity interest in TASB. The Company will make the necessary announcements as and when there is any material development on the matter.
As part of the Company’s growth strategy, the Company is constantly evaluating proposals to grow its business, either organically or through project tendering and acquisition.
This announcement is dated 6th March 2023. |
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Announcement Info
| Company Name | THETA EDGE BERHAD |
| Stock Name | THETA |
| Date Announced | 06 Mar 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06032023-00046 |