General Announcement for PLC
27/04/2018TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARLO BERHAD (FORMERLY KNOWN AS CYBERTOWERS BERHAD) ("PARLO" OR "COMPANY") - PROPOSED SUBSCRIPTION OF 350,000 NEW ORDINARY SHARES IN TRAVEL IDEAS ONLINE SDN. BHD. WHICH WOULD RESULT IN TRAVEL IDEAS ONLINE SDN. BHD. BECOMING A 70%-OWNED SUBSIDIARY OF PARLO VIA PIONEER STREAMS CONSOLIDATED SDN. BHD. ("PROPOSED SUBSCRIPTION")
PARLO BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | PARLO BERHAD (FORMERLY KNOWN AS CYBERTOWERS BERHAD) ("PARLO" OR "COMPANY") - PROPOSED SUBSCRIPTION OF 350,000 NEW ORDINARY SHARES IN TRAVEL IDEAS ONLINE SDN. BHD. WHICH WOULD RESULT IN TRAVEL IDEAS ONLINE SDN. BHD. BECOMING A 70%-OWNED SUBSIDIARY OF PARLO VIA PIONEER STREAMS CONSOLIDATED SDN. BHD. ("PROPOSED SUBSCRIPTION") |
Reference is made to the announcement dated 28 February 2018 in relation to the Proposed Subscription. Unless otherwise defined, the definitions set out in the earlier announcement in relation to the Proposed Subscription shall apply herein. The Board wishes to announce that Pioneer Streams had on 27 April 2018 entered into a letter of extension with Travel Ideas to mutually agree to extend the date the Conditions Precedent to be fulfilled and or obtained (“Expiry Date”) as set out in the Subscription Agreement. The Expiry Date is hereby extended by thirty (30) days commencing from 30 April 2018 to 29 May 2018. Save and except for the extension of the Expiry Date and the consequential changes arising therefrom, all other terms and conditions as stated in the Subscription Agreement shall remain unchanged. This announcement is dated 27 April 2018. |
Announcement Info
Company Name | PARLO BERHAD |
Stock Name | PARLO |
Date Announced | 27 Apr 2018 |
Category | General Announcement for PLC |
Reference Number | GA1-26042018-00091 |
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