General Announcement for PLC
03/05/2021TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY") DISPOSAL BY ADVENTA TO MR LOW CHIN GUAN OF ITS ENTIRE EQUITY INTERST IN LUCENXIA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ADVENTA FOR A CASH CONSIDERATION OF RM11.0 MILLION ("LUCENXIA DISPOSAL")
ADVENTA BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY") DISPOSAL BY ADVENTA TO MR LOW CHIN GUAN OF ITS ENTIRE EQUITY INTERST IN LUCENXIA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ADVENTA FOR A CASH CONSIDERATION OF RM11.0 MILLION ("LUCENXIA DISPOSAL") |
This announcement is dated 3 May 2021.
Reference is made to the announcements by AmInvestment Bank Berhad (“AmInvestment Bank”) on behalf of Adventa in relation to the Lucenxia Disposal dated 5 February 2021, 23 February 2021, 8 April 2021 (“Earlier Announcements”) and the circular to the shareholders of Adventa in relation to the Lucenxia Disposal dated 24 March 2021. (“Circular”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Earlier Announcements and Circular.
On behalf of Adventa, AmInvestment Bank wishes to announce that all the Conditions Precedent in the SSA have been fulfilled and the SSA has become unconditional. The Parties have agreed to set 3 May 2021 as the completion date of the SSA and all the completion obligations have been fulfilled as of 3 May 2021. Accordingly, Lucenxia ceased to be a subsidiary of the Adventa Group. |
Announcement Info
Company Name | ADVENTA BERHAD |
Stock Name | ADVENTA |
Date Announced | 03 May 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-03052021-00038 |