General Announcement for PLC

28/08/2020

OTHERS ADVENTA BERHAD ("ADVENTA" OR "THE COMPANY") - VARIATION TO THE UTILISATION OF CONSIDERATION FROM THE E-BEAM DISPOSAL ("VARIATION")

ADVENTA BERHAD

Type Announcement
Subject OTHERS
Description 
ADVENTA BERHAD ("ADVENTA" OR "THE COMPANY")
- VARIATION TO THE UTILISATION OF CONSIDERATION FROM THE E-BEAM DISPOSAL ("VARIATION")

Reference is made to the circular to shareholders of Adventa in relation to the disposal of 100% equity interest in E-Beam Sdn. Bhd. (“E-Beam Disposal”) dated 3 July 2019 (“Circular”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Circular.

 

In view of the current Covid-19 pandemic, the demand for healthcare products in particular hospital supplies and personal protection equipment has increased significantly.  In this relation, Adventa wishes to announce that the Company intends to vary RM16.31 million, representing approximately 21.75% of the total Consideration to be utilised on the working capital for the healthcare distribution business of Adventa Group.

 

Please refer to the attachment for further details.

 

This announcement is dated 28 August 2020.


Please refer attachment below.


Announcement Info

Company Name ADVENTA BERHAD
Stock Name ADVENTA
Date Announced 28 Aug 2020
Category General Announcement for PLC
Reference Number GA1-28082020-00058


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