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OTHERS SHIN YANG SHIPPING CORPORATION BERHAD (SYSCORP) PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN MEWAH EXIM SDN. BHD.

SHIN YANG SHIPPING CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
SHIN YANG SHIPPING CORPORATION BERHAD (SYSCORP) 
PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN MEWAH EXIM SDN. BHD.

The Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCORP” or “the Board”) wishes to announce that SYSCORP had on 31 May 2023, entered into a conditional Share Sale and Purchase Agreement (“SSPA”) with the respective Vendors to purchase 600,000 ordinary shares in Mewah Exim Sdn Bhd (“Mewah Exim”), representing 60% of the entire equity interest in Mewah Exim for a purchase consideration of RM 9,538,200.00 (“Proposed Acquisition”).

 

Please refer to the attachment for further details of the Proposed Acquisition.

 

This announcement is dated 31 May 2023.




Please refer attachment below.



Announcement Info

Company Name SHIN YANG SHIPPING CORPORATION BERHAD
Stock Name SYSCORP
Date Announced 31 May 2023
Category General Announcement for PLC
Reference Number GA1-31052023-00077