Circular/Notice to Shareholders
TSR CAPITAL BERHAD |
Subject | I. PROPOSED DISPOSAL BY TSR CAPITAL BERHAD ("TSR") OF 700,000 ORDINARY SHARES IN U-NI MAGNA SDN BHD ("UMSB"), REPRESENTING 70.0% EQUITY INTEREST IN UMSB TO IVORY CODE SDN BHD FOR AN INDICATIVE DISPOSAL CONSIDERATION OF RM18,593,195, SUBJECT TO ADJUSTMENTS, TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED DISPOSAL"); AND II. PROPOSED PROVISION OF FINANCIAL ASSISTANCE BY TSR TO UMSB IN THE FORM OF CORPORATE GUARANTEE AND SHAREHOLDER ADVANCES, IN PROPORTION TO TSR'S SHAREHOLDING IN UMSB UPON COMPLETION OF THE PROPOSED DISPOSAL ("PROPOSED PROVISION OF FINANCIAL ASSISTANCE") |
Please refer attachment below.
Announcement Info
Company Name | TSR CAPITAL BERHAD |
Stock Name | TSRCAP |
Date Announced | 25 Nov 2019 |
Category | Document Submission |
Reference Number | DCS-22112019-00005 |