General Announcement for PLC

29/09/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARLO BERHAD [REGISTRATION NO. 199601013285 (385635-V)] (PARLO OR THE COMPANY) SUBSCRIPTION OF 51% NEW ORDINARY SHARES IN V CARE INDUSTRIES (MALAYSIA) SDN. BHD. AND SHAREHOLDERS AGREEMENT IN RESPECT OF V CARE INDUSTRIES (MALAYSIA) SDN. BHD.

PARLO BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PARLO BERHAD [REGISTRATION NO. 199601013285 (385635-V)] (PARLO OR THE COMPANY)
SUBSCRIPTION OF 51% NEW ORDINARY SHARES IN V CARE INDUSTRIES (MALAYSIA) SDN. BHD. AND SHAREHOLDERS AGREEMENT IN RESPECT OF V CARE INDUSTRIES (MALAYSIA) SDN. BHD.
 
The Board of Directors of Parlo (“Board”) wishes to announce that the Company had on 29 September 2021 entered into a Subscription Agreement (“Subscription Agreement”) and Shareholders’ Agreement (“Shareholders’ Agreement”) with Mr. Chan Kok Seong and Ms. Chan Yee Kuan (“Existing Shareholders”), both dated 29 September 2021 for the subscription of 255,000 new ordinary shares representing 51% equity interest (“Subscription Shares”) in V Care Industries (Malaysia) Sdn. Bhd. (“V Care Industries”) for a subscription consideration of RM255,000/- (“Proposed Subscription”).

Please refer to the attachment for the full text of the announcement.

This announcement is dated 29 September 2021.


Please refer attachment below.


Announcement Info

Company Name PARLO BERHAD
Stock Name PARLO
Date Announced 29 Sep 2021
Category General Announcement for PLC
Reference Number GA1-29092021-00089


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Date Title
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