General Announcement for PLC

18/03/2021

OTHERS BCM ALLIANCE BERHAD ("BCM" or "THE COMPANY") PROPOSED SUBSCRIPTION OF 600,000 NEW ORDINARY SHARES, REPRESENTING 60% EQUITY INTEREST IN FOODICT MAKER SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM2,280,000.00 ("PROPOSED SUBSCRIPTION")

BCM ALLIANCE BERHAD

Type Announcement
Subject OTHERS
Description 
BCM ALLIANCE BERHAD ("BCM" or "THE COMPANY")
PROPOSED SUBSCRIPTION OF 600,000 NEW ORDINARY SHARES, REPRESENTING 60% EQUITY INTEREST IN FOODICT MAKER SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM2,280,000.00 ("PROPOSED SUBSCRIPTION")

The Board of Directors of BCM wishes to announce that the Company had on 18 March 2021 entered into a Subscription Agreement (“SA”) with Foodict Maker Sdn Bhd (“FMSB”) for the proposed subscription of 600,000 new ordinary shares at an issue price of RM3.80 per ordinary share, representing 60% equity interest in the enlarge issued and paid up share capital of FMSB (“Subscription Shares”) for a total cash consideration of RM2,280,000 or RM3.80 per share from its internal generated funds.

 

Upon the completion of the Proposed Subscription, FMSB will become a 60% owned subsidiary of BCM.

 

However, the Company wishes to voluntarily announce the Proposed Subscription under Rule 10.05(2) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

Please refer to the attachment for details of the announcement.

 

This announcement is dated 18 March 2021.


Please refer attachment below.


Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 18 Mar 2021
Category General Announcement for PLC
Reference Number GA1-18032021-00074


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