OTHERS TANCO HOLDINGS BERHAD ("TANCO" OR THE "COMPANY") TERM SHEET ("TERM SHEET") BETWEEN TANCO AND PERTUBUHAN KESELAMATAN SOSIAL ("PERKESO") FOR THE SUBSCRIPTION IN FULL OF 100,000,000 REDEEMABLE PREFERENCE SHARES ("RPS") IN THE COMPANY AT RM1.00 EACH FOR RM100 MILLION ("PROPOSED RPS SUBSCRIPTION")
| TANCO HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | TANCO HOLDINGS BERHAD ("TANCO" OR THE "COMPANY")
TERM SHEET ("TERM SHEET") BETWEEN TANCO AND PERTUBUHAN KESELAMATAN SOSIAL ("PERKESO") FOR THE SUBSCRIPTION IN FULL OF 100,000,000 REDEEMABLE PREFERENCE SHARES ("RPS") IN THE COMPANY AT RM1.00 EACH FOR RM100 MILLION ("PROPOSED RPS SUBSCRIPTION") |
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(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 25 October 2022 and 28 October 2022 in relation to the Proposed RPS Subscription.)
We refer to our announcements dated on 25 October 2022 and 28 October 2022 on the Proposed RPS Subscription.
The Board of Directors of Tanco wishes to announce that Tanco had on late 14 March 2023 received from PERKESO the signed supplemental term sheet dated 10 March 2023 (“Supplemental Term Sheet”) to supplement/ vary and amend certain terms in the Term Sheet dated 25 October 2022 in relation to the Proposed RPS Subscription.
Please refer to the attachement for further details of the Supplemental Term Sheet in relation to the Proposed RPS Subscription.
This announcement is dated 15 March 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | TANCO HOLDINGS BERHAD |
| Stock Name | TANCO |
| Date Announced | 15 Mar 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15032023-00093 |