General Announcement for PLC

07/12/2021

OTHERS ADVANCE SYNERGY BERHAD ("ASB") Announcement by Captii Limited ("Captii"), a 58.3%-owned subsidiary of ASB (held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB), to the Singapore Exchange Securities Trading Limited ("SGX") on the Completion of Suit No. 885 of 2019 and Withdrawal of AD/CA 62 of 2021 in respect of associated company, OOPA Pte. Ltd. ("OOPA"), against Mr Bui Sy Phong ("Mr Bui")

ADVANCE SYNERGY BERHAD

Type Announcement
Subject OTHERS
Description 
ADVANCE SYNERGY BERHAD ("ASB")

Announcement by Captii Limited ("Captii"), a 58.3%-owned subsidiary of ASB (held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB), to the Singapore Exchange Securities Trading Limited ("SGX") on the Completion of Suit No. 885 of 2019 and Withdrawal of AD/CA 62 of 2021 in respect of associated company, OOPA Pte. Ltd. ("OOPA"), against Mr Bui Sy Phong ("Mr Bui")

We refer to our announcements on 6 September 2019, 17 June 2021, 18 June 2021 and 25 October 2021 pertaining to the announcements made by Captii, our subsidiary listed on the SGX, to the SGX in relation to the suit HC/S 885/2019 in the High Court of the Republic of Singapore (“Suit”) filed by OOPA against Mr Bui.

 

Pursuant to paragraph 9.19(40) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), we wish to inform Bursa Securities that Captii, had on 7 December 2021 released an announcement to the SGX that completion of the deed of settlement (“Deed”) had taken place on 7 December 2021 (“Closing Date”).

 

Concurrent with the completion of the Deed, Mr Bui, together with his co-founders at OOPA (who subsequently joined him in Telio Pte. Ltd.), had transferred all their shares to all the other shareholders in OOPA including Captii Ventures Pte. Ltd. (“Captii Ventures”), a wholly-owned subsidiary of Captii, and Strategic Research & Consultancy Sdn Bhd (“SRC”), a wholly-own subsidiary of ASB. Accordingly, Captii Ventures and SRC hold a fully diluted interest of 54.7% and 5.75% in OOPA respectively and OOPA has become an indirect subsidiary of Captii held via Captii Ventures and an indirect subsidiary of ASB held via Captii and SRC as of the Closing Date.   

 

Captii also announced that Mr. Bui has formally withdrawn his Appeal on 7 December 2021.

 

Please refer to the attached file for the said announcement made by Captii to the SGX.

 

This announcement is dated 7 December 2021.


Please refer attachment below.


Announcement Info

Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 07 Dec 2021
Category General Announcement for PLC
Reference Number GA1-07122021-00050


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