General Announcement for PLC

08/07/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY") PROPOSED INVESTMENT IN WISDOM CAPITAL LIMITED PARTNERSHIP, A TAIWAN-BASED GLOBAL DEEPTECH-SEMICONDUCTOR FUND BY PENTAMASTER INNOTEQ SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

PENTAMASTER CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY")

PROPOSED INVESTMENT IN WISDOM CAPITAL LIMITED PARTNERSHIP, A TAIWAN-BASED GLOBAL DEEPTECH-SEMICONDUCTOR FUND 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 7 July 2022 formalized the investment of up to United States Dollar One Million (USD1,000,000) only (equivalent to approximately Ringgit Malaysia Four Million Four Hundred Twenty Eight Thousand (RM4,428,000.00) at an exchange rate of USD1 : RM4.4280) over the period of four years in Wisdom Capital Limited Partnership (the “Partnership”), a Taiwan-based Global DeepTech-Semiconductor Fund (the “Fund”) in Taiwan and across the world ("Proposed Investment").

The Company was notified of the Proposed Investment clearance from the relevant authorities in Taiwan and the Partnership for the remittance of the 1st tranche of investment of United States Dollar Two Hundred Fifty Four Thousand (USD254,000) only on 7 July 2022.

Please refer to the attached for further details.

This announcement is dated 8 July 2022.


Please refer attachment below.


Announcement Info

Company Name PENTAMASTER CORPORATION BERHAD
Stock Name PENTA
Date Announced 08 Jul 2022
Category General Announcement for PLC
Reference Number GA1-08072022-00008


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