General Announcement for PLC
08/07/2022TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY") PROPOSED INVESTMENT IN PINGSPACE SDN. BHD. BY PENTAMASTER INNOTEQ SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
PENTAMASTER CORPORATION BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY") PROPOSED INVESTMENT IN PINGSPACE SDN. BHD. BY PENTAMASTER INNOTEQ SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
The board (the “Board”) of directors (the “Directors”) of PCB is pleased to announce that its wholly-owned subsidiary, Pentamaster Innoteq Sdn. Bhd. (“PISB”) had on 8 July 2022 entered into a Share Investment Agreement (the “Agreement”) to subscribe for 225,451 new fully paid up ordinary shares (the “Shares”) representing 6.8% of the total enlarged issued and paid-up capital in Pingspace Sdn. Bhd. (“Pingspace”) (the “Proposed Investment”) for a total cash consideration of Ringgit Malaysia Five Million (RM 5,000,000) only ("Consideration"). Please refer to the attached for further details. This announcement is dated 8 July 2022. |
Please refer attachment below.
Attachments
Investment in Pingspace.pdf
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Announcement Info
Company Name | PENTAMASTER CORPORATION BERHAD |
Stock Name | PENTA |
Date Announced | 08 Jul 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-07072022-00028 |
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