General Announcement for PLC
30/03/2020TRANSACTIONS (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 ("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 ("PROPOSED ACQUISITION") (COLLECTIVELY "PROPOSED TRANSACTIONS")
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 ("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 ("PROPOSED ACQUISITION") (COLLECTIVELY "PROPOSED TRANSACTIONS") |
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.
We also refer to our further announcement on 23 January 2020, 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.
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 further extend the period to fulfil the Conditions Precedent and SPA Conditions Precedent from 30 March 2020 to 1 June 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 30 March 2020. |
Announcement Info
Company Name | BCM ALLIANCE BERHAD |
Stock Name | BCMALL |
Date Announced | 30 Mar 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-30032020-00001 |