General Announcement for PLC
23/01/2020TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BCM ALLIANCE BERHAD ("BCM" OR "COMPANY") - PROPOSED SUBSCRIPTION OF 133,333 NEW ORDINARY SHARES IN FOODICT MAKER SDN BHD ("FOODICT"), REPRESENTING 25% ENLARGED EQUITY INTEREST OF FOODICT BY BCM FOR A TOTAL CASH CONSIDERATION OF RM1,499,996.25 ("PROPOSED SUBSCRIPTION"); AND - PROPOSED ACQUISITION FROM LEE CHIN FONG, LEE BENG WAI AND HSU FENG CHIH OF A TOTAL OF 138,667 EXISTING ORDINARY SHARES REPRESENTING 26% ENLARGED EQUITY INTEREST IN FOODICT BY BCM FOR A TOTAL CASH CONSIDERATION OF RM1
| BCM ALLIANCE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | BCM ALLIANCE BERHAD ("BCM" OR "COMPANY")
- PROPOSED SUBSCRIPTION OF 133,333 NEW ORDINARY SHARES IN FOODICT MAKER SDN BHD ("FOODICT"), REPRESENTING 25% ENLARGED EQUITY INTEREST OF FOODICT BY BCM FOR A TOTAL CASH CONSIDERATION OF RM1,499,996.25 ("PROPOSED SUBSCRIPTION"); AND
- PROPOSED ACQUISITION FROM LEE CHIN FONG, LEE BENG WAI AND HSU FENG CHIH OF A TOTAL OF 138,667 EXISTING ORDINARY SHARES REPRESENTING 26% ENLARGED EQUITY INTEREST IN FOODICT BY BCM FOR A TOTAL CASH CONSIDERATION OF RM1 |
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Unless otherwise redefined, the definitions used herein shall be the same as those defined in the earlier announcement in relation to the Proposed Transactions.
We refer to the earlier announcement dated 3 September 2019, 31 October 2019 and 29 November 2019 in relation to the above matter. In this respect, the Conditions Precedent and SPA Conditions Precedent are to be fulfilled on or before the date falling sixty (60) days from the date of the Subscription Agreement and SPA, respectively or by such later date as the parties to each of the aforementioned agreements may agree in writing.
On behalf of the Company, M&A Securities Sdn Bhd wishes to announce that the parties to the Subscription Agreement and SPA, have respectively agreed to extend the period to fulfil the Conditions Precedent and SPA Conditions Precedent from 28 January 2020 to 30 March 2020.
Save as disclosed above, there are no other variations to the terms and conditions of the Subscription Agreement and SPA.
This announcement is dated 23 January 2020. |
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Announcement Info
| Company Name | BCM ALLIANCE BERHAD |
| Stock Name | BCMALL |
| Date Announced | 23 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23012020-00113 |