General Announcement for PLC

06/01/2020

PARAGRAPH/RULE 8.03A COMPANIES : FIRST ANNOUNCEMENT

DIVERSIFIED GATEWAY SOLUTIONS BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
FIRST ANNOUNCEMENT
Description
DIVERSIFIED GATEWAY SOLUTIONS BERHAD ("DGSB" OR "COMPANY")
FIRST ANNOUNCEMENT PURSUANT TO RULE 8.03A OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (FIRST ANNOUNCEMENT)

We refer to the announcement dated 6 January 2020 in relation to the completion of the disposal of 24,500 ordinary shares, representing 100% of ordinary shares in ISS Consulting (Thailand) Ltd (“ISS(T)”) to itelligence AG for a total cash consideration of THB236,429,000 (“Disposal”) which is announced today. The Board of Directors of DGSB wishes to announce that following the completion of the Disposal, DGSB is deemed to be an Affected Listed Corporation pursuant to Rule 8.03A 2(a)(bb) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”) whereby a listed corporation may not have a level of operations that is adequate to warrant continued trading or listing on the Official List as DGSB is deemed to have suspended or ceased its major business or operations as a result of the disposal of its major business that contributes or generates 70% or more of the revenue on a consolidated basis based on its latest audited financial statements as at 30 June 2019 or its unaudited financial statements as at 30 September 2019.

 

Please see details of the announcement in the attached file.

 

This announcement is dated 6 January 2020.

 

 




Please refer attachment below.



Announcement Info

Company Name DIVERSIFIED GATEWAY SOLUTIONS BERHAD
Stock Name DGSB
Date Announced 06 Jan 2020
Category General Announcement for PLC
Reference Number GA1-06012020-00088