GPACKET

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF 100% EQUITY STAKE IN OASIS CAPITAL INVESTMENT BANK LTD TO VELOCITY CAPITAL SDN BHD (FORMERLY KNOWN AS CSH NETWORK CAPITAL SDN BHD) FOR A PURCHASE CONSIDERATION OF RM11.0 MILLION (COLLECTIVELY REFERRED TO AS DISPOSAL OF THE SALE SHARES)

GREEN PACKET BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DISPOSAL OF 100% EQUITY STAKE IN OASIS CAPITAL INVESTMENT BANK LTD TO VELOCITY CAPITAL SDN BHD (FORMERLY KNOWN AS CSH NETWORK CAPITAL SDN BHD) FOR A PURCHASE CONSIDERATION OF RM11.0 MILLION (COLLECTIVELY REFERRED TO AS DISPOSAL OF THE SALE SHARES)

The Board of Directors of Green Packet Berhad wishes to announce that the Company has on 22 December 2023 entered into a Shares Sale Agreement with Velocity Capital Sdn Bhd (formerly known as CSH Network Capital Sdn Bhd) to dispose its 100% equity stake in Oasis Capital Investment Bank Ltd for a purchase consideration of RM11.0 million.

 

Velocity Capital Sdn Bhd is a wholly owned subsidiary of Velocity Capital Partner Berhad (formerly known as CSH Alliance Berhad).

 

Details of the announcement are set out in the file attached below.

 

This announcement is dated 22 December 2023.

 




Please refer attachment below.



Announcement Info

Company Name GREEN PACKET BERHAD
Stock Name GPACKET
Date Announced 22 Dec 2023
Category General Announcement for PLC
Reference Number GA1-21122023-00052