General Announcement for PLC
01/06/2021PARAGRAPH/RULE 8.03A COMPANIES : MONTHLY ANNOUNCEMENT
DIVERSIFIED GATEWAY SOLUTIONS BERHAD |
Type | Announcement |
Subject | PARAGRAPH/RULE 8.03A COMPANIES MONTHLY ANNOUNCEMENT |
Description | DIVERSIFIED GATEWAY SOLUTIONS BERHAD ("DGSB" OR "COMPANY") MONTHLY ANNOUNCEMENT PURSUANT TO RULE 8.03A OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS") |
Reference is made to the Company’s first announcement dated 6 January 2020 in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A of the Listing Requirements (“First Announcement”) and the subsequent monthly announcements dated 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021 and 3 May 2021.
On behalf of the Board of Directors of DGSB, M & A Securities Sdn Bhd wishes to inform that DGSB had on 30 October 2020 announced that the Company proposed to undertake an investment, via a 60% owned subsidiary, which will result in the Company controlling a 50.1% equity interest in Duramitt Sdn Bhd (“Duramitt”), a company principally involved in the manufacturing and trading of industrial and specialised gloves, as well as medical examination gloves. Please refer to the announcement dated 30 October 2020 for further details. The shareholders of DGSB have resolved to approve the relevant proposals at the Extraordinary General Meeting (“EGM”) convened on 22 April 2021. The completion of the proposals is pending the fulfilment of the conditions precedent of the conditional share sale and subscription agreement dated 29 October 2020 entered into between DGSB via its 60% subsidiary, Paragon Spectrum Sdn Bhd, Teow Yen Kim, Lim Yen Chie and Duramitt.
This announcement is dated 1 June 2021. |
Announcement Info
Company Name | DIVERSIFIED GATEWAY SOLUTIONS BERHAD |
Stock Name | DGSB |
Date Announced | 01 Jun 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-01062021-00101 |