General Announcement for PLC

12/10/2020

OTHERS COMINTEL CORPORATION BHD ("COMCORP" OR "THE COMPANY") VARIATION TO THE UTILISATION OF PROCEEDS RAISED FROM THE DISPOSAL OF 100% EQUITY INTEREST IN BCM ELECTRONICS CORPORATION SDN BHD, A FORMER WHOLLY-OWNED SUBSIDIARY OF COMCORP TO AURELIUS HOLDINGS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM123.80 MILLION ("DISPOSAL") ("VARIATION")

COMINTEL CORPORATION BHD

Type Announcement
Subject OTHERS
Description 
COMINTEL CORPORATION BHD ("COMCORP" OR "THE COMPANY")

VARIATION TO THE UTILISATION OF PROCEEDS RAISED FROM THE DISPOSAL OF 100% EQUITY INTEREST IN BCM ELECTRONICS CORPORATION SDN BHD, A FORMER WHOLLY-OWNED SUBSIDIARY OF COMCORP TO AURELIUS HOLDINGS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM123.80 MILLION ("DISPOSAL") ("VARIATION")

Further to the Company’s announcements on 6 December 2020, 5 December 2020, 21 November 2020, 15 October 2020 and 17 August 2018 in relation to the variation to the utilisation of proceeds raised from the disposal of 100% equity interest in BCM Electronics Corporation Sdn Bhd, the Board of Directors of the Company wishes to announce that there is a further variation to utilisation of proceeds raised from the disposal of 100% equity interest in BCM Electronics Corporation Sdn Bhd, a former wholly-owned subsidiary of Comcorp to Aurelius Holdings Sdn Bhd for a total cash consideration of RM123.80 Million ("Disposal") ("Variation")

 

 

Please refer to the attachment for the details of the announcement.

 

 

This announcement is dated 12 October 2020.


Please refer attachment below.


Announcement Info

Company Name COMINTEL CORPORATION BHD
Stock Name COMCORP
Date Announced 12 Oct 2020
Category General Announcement for PLC
Reference Number GA1-12102020-00051


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