General Announcement for PLC

21/02/2020

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY") (I) PROPOSED ACQUISITION OF 90% EQUITY INTEREST IN SERENDAH HEIGHTS SDN BHD ("SHSB") BY WIDAD FROM PRIHATIN EHSAN HOLDINGS SDN BHD ("PEHSB") AND TRAINING CAMP AABATA SDN BHD ("TCASB") ("PROPOSED ACQUISITION 1"); AND (II) PROPOSED ACQUISITION OF 10% EQUITY INTEREST IN SHSB BY WIDAD FROM JUST WISDOM SDN BHD ("PROPOSED ACQUISITION 2") (COLLECTIVELY, THE "PROPOSED ACQUSITIONS")

WIDAD GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY") 

(I) PROPOSED ACQUISITION OF 90% EQUITY INTEREST IN SERENDAH HEIGHTS SDN BHD ("SHSB") BY WIDAD FROM PRIHATIN EHSAN HOLDINGS SDN BHD ("PEHSB") AND TRAINING CAMP AABATA SDN BHD ("TCASB") ("PROPOSED ACQUISITION 1"); AND

(II) PROPOSED ACQUISITION OF 10% EQUITY INTEREST IN SHSB BY WIDAD FROM JUST WISDOM SDN BHD ("PROPOSED ACQUISITION 2")

(COLLECTIVELY, THE "PROPOSED ACQUSITIONS")

Reference is made to announcement dated 19 February 2020 in relation to the Proposed Acquisitions ("Announcement") and the clarification announcement dated 20 February 2020 (“Clarification Announcement”). Unless otherwise stated, all abbreviations used therein shall have the same meanings as those used in the Announcement and Clarification Announcement.

 

M&A Securities, on behalf of the Board wishes to further clarify that the application for the change of shareholders in YBKU and SHSB has been submitted to Unit Kerjasama Awam Swasta on 21 November 2019.

 

 

The announcement is dated 21 February 2020.



Announcement Info

Company Name WIDAD GROUP BERHAD
Stock Name WIDAD
Date Announced 21 Feb 2020
Category General Announcement for PLC
Reference Number GA1-21022020-00099


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