TSRCAP

0.265

(%)

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