General Announcement for PLC

21/02/2019

OTHERS PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN BEAVER HOTELS LIMITED ("Beaver") BY 57-59 PHILBEACH GARDENS LIMITED, A WHOLLY-OWNED SUBSIDIARY INCORPORATED IN UNITED KINGDOM OF POSTHOTEL AROSA AG, A 65%-OWNED INDIRECT SUBSIDIARY COMPANY OF ADVANCE SYNERGY BERHAD ("ASB") HELD VIA HOLIDAY VILLA ASSETS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY HELD VIA ALANGKA-SUKA HOTELS & RESORTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ASB ("Proposed Acquisition")

ADVANCE SYNERGY BERHAD

Type Announcement
Subject OTHERS
Description 
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN BEAVER HOTELS LIMITED ("Beaver") BY 57-59 PHILBEACH GARDENS LIMITED, A WHOLLY-OWNED SUBSIDIARY INCORPORATED IN UNITED KINGDOM OF POSTHOTEL AROSA AG, A 65%-OWNED INDIRECT SUBSIDIARY COMPANY OF ADVANCE SYNERGY BERHAD ("ASB") HELD VIA HOLIDAY VILLA ASSETS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY HELD VIA ALANGKA-SUKA HOTELS & RESORTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ASB ("Proposed Acquisition")

Further to our announcements on 21 December 2018 and 27 December 2018 on the Proposed Acquisition, we wish to announce that the Proposed Acquisition was completed on 21 February 2019 and on the same date, Beaver became a 65%-owned indirect subsidiary company of ASB.

 

This announcement is dated 21 February 2019.



Announcement Info

Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 21 Feb 2019
Category General Announcement for PLC
Reference Number GA1-21022019-00121


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