General Announcement for PLC
03/02/2016TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS COMINTEL CORPORATION BHD ("Comcorp" or "the Company") Proposed Acquisition of Thirty per cent (30%) equity interest in Comlenia Sdn Bhd "(Comlenia") from SELEX Sistemi Integrati S.p.A. In Liquidazione ("SELEX") ("Proposed Acquisition")
| COMINTEL CORPORATION BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | COMINTEL CORPORATION BHD ("Comcorp" or "the Company")
Proposed Acquisition of Thirty per cent (30%) equity interest in Comlenia Sdn Bhd "(Comlenia") from SELEX Sistemi Integrati S.p.A. In Liquidazione ("SELEX") ("Proposed Acquisition") |
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The Board of Directors of Comcorp wishes to announce that Comintel Sdn Bhd (“Comintel”), a wholly-owned subsidiary of Comcorp have on even date entered into a Share Purchase Agreement (“SPA”) with SELEX Sistemi Integrati S.p.A In Liquidazione (“SELEX”) to purchase four hundred and fifty thousand (450,000) ordinary shares (“Sale Shares”) of Ringgit Malaysia One each (“RM1.00) representing thirty per cent (30%) equity interest in Comlenia Sdn Bhd (“Comlenia”) for a total cash consideration of Ringgit Malaysia Five Hundred and Forty Thousand (RM540,000.00) (“Purchase Consideration”)
Please refer to the attachment for details of the Proposed Acquistion.
This announcement is dated 3 February 2016. |
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Please refer attachment below.
Attachments
Acquisition.pdf
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Announcement Info
| Company Name | COMINTEL CORPORATION BHD |
| Stock Name | COMCORP |
| Date Announced | 03 Feb 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29122015-00011 |