General Announcement

16/07/2004

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
SubjectRCE 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 announcement dated 1 July 2004.


On behalf of RCE, Commerce International Merchant Bankers Berhad is pleased to announce that on 16 July 2004, Rekaweb has paid RCE the balance sum of the sale consideration of RM9,900,000 plus interest due.

Pursuant to the above, the Proposed Disposal was completed on 16 July 2004.

This announcement is dated 16 July 2004.


Announcement Info

Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP
Date Announced16 Jul 2004  
CategoryGeneral Announcement
Reference NoMM-040716-55157

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