General Announcement for PLC
21/07/2021TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS JOE HOLDNG BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) ("JOE" OR "THE COMPANY") - SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145,670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
JOE HOLDING BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | JOE HOLDNG BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) ("JOE" OR "THE COMPANY") - SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145,670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
The Board of Directors of JOE (“Board”) wishes to announce that GP Autobat Sdn. Bhd. (“GP Autobat”), a wholly-owned subsidiary of the Company had on 15 July 2021 subscribed 249,720,000 Rights Shares together with 145,670,000 Free Warrants in Pasukhas Group Berhad (“PGB”) for a total purchase consideration of RM24,972,000.00 in conjunction with PGB’s rights issue exercise, which representing 21.58% of the existing total number of issued shares in PGB (“the Acquisition”).
Please refer to the attachment for further details.
This announcement is dated 21 July 2021. |
Please refer attachment below.
Announcement Info
Company Name | JOE HOLDING BERHAD |
Stock Name | JOE |
Date Announced | 21 Jul 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-21072021-00073 |
Related Announcements for JOE