General Announcement for PLC

20/07/2022

OTHERS PARLO BERHAD ("PARLO" OR "THE COMPANY") DISPOSAL OF ENTIRE 100% EQUITY INTEREST BY PARLO TOURS SDN. BHD. ("PT"), A WHOLLY-OWNED SUBSIDIARY OF PARLO IN TETHERUS SERVICES SDN. BHD. (FORMERLY KNOWN AS PARLO GLOBAL MARKETING SDN. BHD.) ("PGM"), WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PARLO ("DISPOSAL")

PARLO BERHAD

Type Announcement
Subject OTHERS
Description 
PARLO BERHAD ("PARLO" OR "THE COMPANY")
DISPOSAL OF ENTIRE 100% EQUITY INTEREST BY PARLO TOURS SDN. BHD. ("PT"), A WHOLLY-OWNED SUBSIDIARY OF PARLO IN TETHERUS SERVICES SDN. BHD. (FORMERLY KNOWN AS PARLO GLOBAL MARKETING SDN. BHD.) ("PGM"), WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PARLO ("DISPOSAL")

Reference is made to the Company’s announcement dated 7 April 2022 in relation to the Disposal of PGM (“Announcement”). Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcement.

 

The Board of Directors of Parlo wishes to announce that PT, a wholly-owned subsidiary of the Company had on 20 July 2022, by way of an exchange of letter mutually agreed to waive one of the condition precedent in the Share Sales Agreement (“SSA”) for the Disposal.

 

Pursuant to the above, PT and the Purchaser have mutually agreed and confirmed that all the conditions precedent to the SSA have been fulfilled. Accordingly, the Disposal has been completed. As such, PGM would ceased as 100% indirect wholly-owned subsidiary of the Company.

 

This announcement is dated 20 July 2022.





Announcement Info

Company Name PARLO BERHAD
Stock Name PARLO
Date Announced 20 Jul 2022
Category General Announcement for PLC
Reference Number GA1-20072022-00021


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