TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TEO SENG CAPITAL BERHAD (Teo Seng Or Company) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PROFESSIONAL VET ENTERPRISE SDN BHD (PVESB) BY RITMA PRESTASI SDN BHD (RITMA), A WHOLLY OWNED SUBSIDIARY OF TEO SENG, FOR A CASH CONSIDERATION OF RM1,800,000-00 (PROPOSED ACQUISITION)
| TEO SENG CAPITAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TEO SENG CAPITAL BERHAD (Teo Seng Or Company) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PROFESSIONAL VET ENTERPRISE SDN BHD (PVESB) BY RITMA PRESTASI SDN BHD (RITMA), A WHOLLY OWNED SUBSIDIARY OF TEO SENG, FOR A CASH CONSIDERATION OF RM1,800,000-00 (PROPOSED ACQUISITION) |
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The Board of Directors of Teo Seng wishes to announce that Ritma Prestasi Sdn Bhd (“Ritma’) , a wholly-owned subsidiary of Teo Seng, had today entered into a Shares Sale Agreement (“SSA”) with Teo Hui Poh, Khor Kok Chuan, Lee Jin Chiaw , Estate of Henry Ting Tung Hui , Ling Heng Seek and Yii Fung Sieng (collectively referred to as the “Vendor”) to acquire 100,000 ordinary shares in Professional Vet Enterprise Sdn Bhd (“PVESB”), representing 100% of the equity interest in PVESB (“Sale Shares”) from the Vendor for a total cash consideration of RM1.8 million (“Purchase Consideration”) (“Proposed Acquisition”).
Please refer to the attachment for further detail. |
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Please refer attachment below.
Announcement Info
| Company Name | TEO SENG CAPITAL BERHAD |
| Stock Name | TEOSENG |
| Date Announced | 16 Aug 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15082019-00034 |