General Announcement for PLC

28/02/2018

TRANSACTIONS (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")
 
The Board of Directors of Parlo wishes to announce that Pioneer Streams Consolidated Sdn. Bhd., a wholly-owned subsidiary of the Company had on 28 February 2018 entered into a share subscription agreement with Travel Ideas Online Sdn. Bhd. ("Travel Ideas") to subscribe for 350,000 Ordinary Shares in Travel Ideas for a total subscription price of RM700,000 in cash.

Please refer to the attached document for further details.

This announcement is dated 28 February 2018.



Please refer attachment below.


Announcement Info

Company Name PARLO BERHAD
Stock Name PARLO
Date Announced 28 Feb 2018
Category General Announcement for PLC
Reference Number GA1-28022018-00089


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