General Announcement for PLC

27/03/2020

OTHERS PROPOSED LISTING OF RESERVOIR LINK SDN BHD (RLSB), A 20% OWNED ASSOCIATED COMPANY OF PANSAR ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (PROPOSED LISTING)

PANSAR BERHAD

Type Announcement
Subject OTHERS
Description 
PROPOSED LISTING OF RESERVOIR LINK SDN BHD (RLSB), A 20% OWNED ASSOCIATED COMPANY OF PANSAR ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (PROPOSED LISTING)

Reference is made to the announcements dated 28 June 2019 in relation to the Proposed Listing (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

The Board of Directors of Pansar wishes to announce that Reservoir Link Energy Berhad (“RLEB”) had issued 227,873,000 new RLEB Shares to the vendors of RLSB at an issue price of RM0.10 per RLEB Share.  As such, the share sale agreement with RLEB in respect of the Proposed Acquisition is deemed completed and consequently, RLEB is a 20% owned associated company of Pansar.

The Company will make further announcement in relation to the Proposed Listing, as and when appropriate under the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 27 March 2020.



Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR
Date Announced 27 Mar 2020
Category General Announcement for PLC
Reference Number GA1-27032020-00014


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