TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS OPCOM HOLDINGS BERHAD ("OHB" OR "THE COMPANY") - PROPOSED ACQUISITION OF 70,000,000 ORDINARY SHARES REPRESENTING 18.03% EQUITY INTEREST IN BINASAT COMMUNICATIONS BERHAD ("PROPOSED ACQUISITION")
| OPCOM HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | OPCOM HOLDINGS BERHAD ("OHB" OR "THE COMPANY")
- PROPOSED ACQUISITION OF 70,000,000 ORDINARY SHARES REPRESENTING 18.03% EQUITY INTEREST IN BINASAT COMMUNICATIONS BERHAD ("PROPOSED ACQUISITION") |
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The Board of Directors of OHB is pleased to announce that Opcom VC Sdn. Bhd. a wholly-owned subsidiary of the Company, had on 20 September 2023, entered into a Share Sale Agreement with Mr. Na Boon Aik, Group Managing Director and a major shareholder of Binasat Communications Berhad ("Binacom"), for the acquisition of 70,000,000 ordinary shares representing 18.03% equity interest in Binacom.
Further details of the Proposed Acquisition are set out in the attachment enclosed.
This announcement is dated 20 September 2023.
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Please refer attachment below.
Announcement Info
| Company Name | OPCOM HOLDINGS BERHAD |
| Stock Name | OPCOM |
| Date Announced | 20 Sep 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18092023-00017 |