General Announcement
07/09/2007DAYA MATERIALS BERHAD ("DMB" or "the Company") PROPOSED ACQUISITION BY MERIDIAN ORBIT SDN. BHD.("MOSB"), A 60%-OWNED SUBSIDIARY OF DAYA MATERIALS BERHAD OF 275,000 ORDINARY SHARES OF RM1.00 EACH IN CLARIMAX CONSOLIDATED SDN BHD ("CCSB") REPRESENTING 55% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CCSB FOR A TOTAL CASH CONSIDERATION OF RM366,667 ("PROPOSED ACQUISITION OF CCSB")
DAYA MATERIALS BERHAD |
Type | Announcement |
Subject | DAYA MATERIALS BERHAD ("DMB" or "the Company") PROPOSED ACQUISITION BY MERIDIAN ORBIT SDN. BHD.("MOSB"), A 60%-OWNED SUBSIDIARY OF DAYA MATERIALS BERHAD OF 275,000 ORDINARY SHARES OF RM1.00 EACH IN CLARIMAX CONSOLIDATED SDN BHD ("CCSB") REPRESENTING 55% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CCSB FOR A TOTAL CASH CONSIDERATION OF RM366,667 ("PROPOSED ACQUISITION OF CCSB") |
Contents :
The Board of Directors (Board) of DMB is pleased to announce that MOSB, a 60%-owned subsidiary companyof DMB, had on 7 September 2007 entered into a share sale agreement (CCSB SPA) with
Ishar Singh Gill S/O Jiwan Singh Gill (Vendor or Mr. Ishar), a Singaporean, to acquire 275,000 ordinary shares
of RM1.00 each of CCSB (CCSB Sale Shares) representing 55% of the total issued and paid-up share capital of
CCSB, for a total cash consideration of RM366,667.00 (Purchase Consideration).
Please refer to the attached document for the full text of the announcement pertaining to the abovementioned
Proposed Acquisition.
This announcement is dated 7 September 2007.
Attachments |
Announcement Info
Company Name | DAYA MATERIALS BERHAD (MESDAQ Market) |
Stock Name | DAYA |
Date Announced | 7 Sept 2007 |
Category | General Announcement |
Reference No | CC-070907-3AD6C |
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