General Announcement for PLC

05/02/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY") PROPOSED 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 ("PROPOSED LUCENXIA DISPOSAL")

ADVENTA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY")

PROPOSED 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 ("PROPOSED LUCENXIA DISPOSAL")

This announcement is dated 5 February 2021.

 

On behalf of the Board of Directors of Adventa, AmInvestment Bank Berhad wishes to announce that Adventa had on 5 February 2021, entered into a conditional share sale agreement (“SSA”) with Mr Low Chin Guan ("Buyer") for the disposal of the entire equity interest held by Adventa in Lucenxia (M) Sdn. Bhd. to the Buyer and/or his nominee(s) for a total cash consideration of RM11.0 million (“Consideration”), subject to the terms as set out in the SSA.

 

Further details of the Proposed Lucenxia Disposal are set out in the attachment.


Please refer attachment below.


Announcement Info

Company Name ADVENTA BERHAD
Stock Name ADVENTA
Date Announced 05 Feb 2021
Category General Announcement for PLC
Reference Number GA1-05022021-00047


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