General Announcement for PLC
20/07/2022OTHERS PARLO BERHAD ("PARLO" OR "THE COMPANY") DISPOSAL OF ENTIRE 100% EQUITY INTEREST BY PARLO TOURS SDN. BHD. ("PT"), A WHOLLY-OWNED SUBSIDIARY OF PARLO IN TETHERUS SERVICES SDN. BHD. (FORMERLY KNOWN AS PARLO GLOBAL MARKETING SDN. BHD.) ("PGM"), WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PARLO ("DISPOSAL")
PARLO BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | PARLO BERHAD ("PARLO" OR "THE COMPANY") DISPOSAL OF ENTIRE 100% EQUITY INTEREST BY PARLO TOURS SDN. BHD. ("PT"), A WHOLLY-OWNED SUBSIDIARY OF PARLO IN TETHERUS SERVICES SDN. BHD. (FORMERLY KNOWN AS PARLO GLOBAL MARKETING SDN. BHD.) ("PGM"), WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PARLO ("DISPOSAL") |
Reference is made to the Company’s announcement dated 7 April 2022 in relation to the Disposal of PGM (“Announcement”). Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcement.
The Board of Directors of Parlo wishes to announce that PT, a wholly-owned subsidiary of the Company had on 20 July 2022, by way of an exchange of letter mutually agreed to waive one of the condition precedent in the Share Sales Agreement (“SSA”) for the Disposal.
Pursuant to the above, PT and the Purchaser have mutually agreed and confirmed that all the conditions precedent to the SSA have been fulfilled. Accordingly, the Disposal has been completed. As such, PGM would ceased as 100% indirect wholly-owned subsidiary of the Company.
This announcement is dated 20 July 2022. |
Announcement Info
Company Name | PARLO BERHAD |
Stock Name | PARLO |
Date Announced | 20 Jul 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-20072022-00021 |