General Announcement for PLC

09/02/2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS BCM ALLIANCE BERHAD ("BCM" OR THE "COMPANY") PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD ("CYPRESS") REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION")

BCM ALLIANCE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
BCM ALLIANCE BERHAD ("BCM" OR THE "COMPANY") 

PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD ("CYPRESS") REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION")

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 9 November 2017, 13 November 2017 and 6 December 2017.

 

On behalf of the Board of Director of BCM, M&A Securities Sdn Bhd wishes to announce that the Conditions Precedent as set out in the Subscription Agreement has been fulfilled and the Subscription Consideration of RM1,722,000 has been paid by BCM to Cypress on 9 February 2018, marking the completion of the Proposed Subscription.

 

Following the completion of the Proposed Subscription, Cypress is now a 51.03% owned subsidiary of BCM.

 

This announcement is dated 9 February 2018.



Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 09 Feb 2018
Category General Announcement for PLC
Reference Number GA1-08022018-00044


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