General Announcement for PLC

31/10/2018

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 internal reorganisation of Captii group of companies ("Captii Group")

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 internal reorganisation of Captii group of companies ("Captii Group")

Pursuant to paragraphs 9.19 (23) and 9.19 (40) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), we wish to inform Bursa Securities that Captii, our subsidiary which is listed on the SGX, had on 31 October 2018 released an announcement to the SGX on the internal reorganisation of Captii Group which will involve amongst others, the following:-

1.       Changing the name of Unified Communications (VAS) Sdn Bhd, a wholly-owned subsidiary of Unified Communications Pte Ltd (“UCPL”), to Postpay Technology Sdn Bhd (“PTSB”).

2.       Captii to incorporate a new wholly-owned subsidiary in Malaysia, Postpay Asia Sdn Bhd (“PASB”).

3.       PASB to be the immediate holding company of Postpay Sdn Bhd (formerly known as Mobilization Sdn Bhd)(“PSB”) and PTSB by undertaking the following:-

          a.       Transfer of Captii’s 100% shareholding in PSB to PASB.

          b.       Transfer of UCPL’s 100% shareholding in PTSB to PASB.

4.       Restructuring of the inter-company balances within the Captii Group.

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

This announcement is dated 31 October 2018.
 

 


Please refer attachment below.


Announcement Info

Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 31 Oct 2018
Category General Announcement for PLC
Reference Number GA1-31102018-00155


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