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 |