General Announcement for PLC

09/08/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS OCEAN VANTAGE HOLDINGS BERHAD ("OVH" OR "THE COMPANY") - PROPOSED SUBSCRIPTION OF 700,000 ORDINARY SHARES BY OCEAN VANTAGE ENGINEERING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF OVH, REPRESENTING 70% OF THE ENLARGED TOTAL EQUITY INTEREST IN ESPRAT SDN. BHD.

OCEAN VANTAGE HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
OCEAN VANTAGE HOLDINGS BERHAD ("OVH" OR "THE COMPANY") - PROPOSED SUBSCRIPTION OF 700,000 ORDINARY SHARES BY OCEAN VANTAGE ENGINEERING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF OVH, REPRESENTING 70% OF THE ENLARGED TOTAL EQUITY INTEREST IN ESPRAT SDN. BHD.

The Board of Directors of OVH (“Board") wishes to announce that the wholly owned subsidiary of OVH, Ocean Vantage Engineering Sdn Bhd [Registration No.: 201101018034 (946170-W)] (“OVE”) had on 9 August 2022 entered into a Subscription Agreement for the subscription of 700,000 ordinary shares representing 70% of the enlarged total number of issued shares in Esprat Sdn. Bhd. (Registration No.: 200501017438 (694481-H) for a total cash consideration of Ringgit Malaysia One Million (RM1,000,000.00) only (hereinafter referred to as (“Proposed Subscription”).

 

Further details of the above Proposed Subscription are set out in the attachment.

 

This announcement is dated 9 August 2022. 


Please refer attachment below.


Announcement Info

Company Name OCEAN VANTAGE HOLDINGS BERHAD
Stock Name OVH
Date Announced 09 Aug 2022
Category General Announcement for PLC
Reference Number GA1-08082022-00051


Related Announcements for OVH
Date Title
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20/05/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OCEAN VANTAGE HOLDINGS BERHAD ("OVH" OR THE "COMPANY") SPECIAL ISSUE OF UP TO 82,200,000 NEW ORDINARY SHARES IN OVH TO INDEPENDENT THIRD PARTY INVESTORS COMPRISING BUMIPUTERA INVESTORS TO BE APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY MALAYSIA AND OTHER INVESTORS TO BE IDENTIFIED ("SPECIAL ISSUE")
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