General Announcement

25/06/2004

RCE CAPITAL BERHAD (RCE OR COMPANY) PROPOSED DISPOSAL BY RCE OF ITS ENTIRE 70% EQUITY INTEREST IN POS AD SDN BHD (POS AD) COMPRISING 10,269,000 ORDINARY SHARES OF RM1.00 EACH IN POS AD TO REKAWEB.COM SDN BHD (REKAWEB) FOR A TOTAL CASH CONSIDERATION OF RM11,000,000 (PROPOSED DISPOSAL)

RCE CAPITAL BERHAD

Type

Announcement
Subject
RCE CAPITAL BERHAD (RCE OR COMPANY)

PROPOSED DISPOSAL BY RCE OF ITS ENTIRE 70% EQUITY INTEREST IN POS AD SDN BHD (POS AD) COMPRISING 10,269,000 ORDINARY SHARES OF RM1.00 EACH IN POS AD TO REKAWEB.COM SDN BHD (REKAWEB) FOR A TOTAL CASH CONSIDERATION OF RM11,000,000 (PROPOSED DISPOSAL)

Contents :

    We refer to our announcements on the Proposed Disposal.

    On behalf of RCE, Commerce International Merchant Bankers Berhad is pleased to announce that RCE has been informed by its solicitors vide their letter dated 23 June 2004 (which was received by RCE on 24 June 2004) that Rekaweb has obtained the approval of the Foreign Investment Committee for the Proposed Disposal vide its letter dated 17 June 2004.

    This announcement is dated 25 June 2004.

Announcement Info

Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP
Date Announced25 Jun 2004  
CategoryGeneral Announcement
Reference NoMM-040625-41432

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