SUPER

3.700

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUPER ENTERPRISE HOLDINGS BERHAD ("SEHB" or the "Company") - Proposed Option Agreement

SUPER ENTERPRISE HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SUPER ENTERPRISE HOLDINGS BERHAD ("SEHB" or the "Company")
- Proposed Option Agreement

That this announcement is made on behalf of the Board of Directors of SEHB.

On behalf of the Board of Directors of SEHB (“Board”), the Company wishes to announce that the Company had on today entered into the following agreements:-

  1. a call option agreement with Goh Jooi Chong (“GJC”), Goh Yong Wee (“GYW”) and Yong Chen Voon (“YCB”) (“SEPSB Vendors”) for SEHB to acquire the remaining 680,000 ordinary shares of RM1.00 each, representing 40% of the equity interest in S.E. Printing (M) Sdn Bhd (“SEPSB”) (“SEPSB Call Option Agreement”);
  2. a shareholder agreement with SEPSB Vendors and SEPSB to set out the rights and obligation as well as regulate their relationship as shareholders in SEPSB (“SEPSB SHA”);
  3. a call option agreement with Ong Hing Keat, Paisri Kladsumniang and Paweena ladsumniang (“SETC Vendors”) for SEHB to acquire all the 15,300 preference shares of 100 Baht each of S.E. Industries (Thailand) Co., Ltd (“SETC”) (“SETC Call Option Agreement”);
  4. a call and put option agreement with Jenny Lee (“SLI Vendor”) for SEHB to acquire the remaining 20,000 ordinary share of USD10 each, representing 20% equity interest in PT. Super Label Indonesia (“SLI”) (“SLI Call and Put Option Agreement”);
  5. a shareholder agreement with SLI Vendor to set out the rights and obligation as well as regulate their relationship as shareholders in SLI (“SLI SHA”);
  6. a call option agreement with Goh Jui Leang, Goh Joi Sang, Yam Kee Neng, Criselda V.Mangahas and Kenneth C.Radaza (“SEIP Vendors”) for SEHB to acquire the remaining five (5) ordinary shares of 100 Peso (PHP 100) each, representing approximately 0.01% in S.E. Industries (Philippines) Inc (“SEIP”) (“SEIP Call Option Agreement”); and
  7. a trust deed with SEIP Vendors in relation to the rights and ownership of the remaining five (5) ordinary shares of 100 Peso (PHP 100) each, representing approximately 0.01% in SEIP (“SEIP Trust Deed”).

(Collectively known as “Proposed Option Arrangement

Please refer to the attached file for further details of the announcement.

This announcement is dated 17 June 2015.




Please refer attachment below.



Announcement Info

Company Name SUPER ENTERPRISE HOLDINGS BERHAD
Stock Name SUPER
Date Announced 17 Jun 2015
Category General Announcement for PLC
Reference Number GA1-17062015-00025