General Announcement

11/11/2005

Proposed Acquisition Of 10,000 Ordinary Shares Of RM1.00 Each Representing The Remaining 12.5% Of The Equity Interest In RCE Enterprise Sdn Bhd (Formerly Known As E-Drama Sdn Bhd) Not Owned By RCE Capital Berhad From Meridian Mode Sdn Bhd For A Purchase Consideration Of RM15 Million To Be Wholly Satisfied By The Issuance Of 67,415,730 RCE Shares Of RM0.10 Each At An Issue Price Of RM0.2225 Per Share ("Proposed Acquisition")

RCE CAPITAL BERHAD

Type

Announcement
SubjectProposed Acquisition Of 10,000 Ordinary Shares Of RM1.00 Each Representing The Remaining 12.5% Of The Equity Interest In RCE Enterprise Sdn Bhd (Formerly Known As E-Drama Sdn Bhd) Not Owned By RCE Capital Berhad From Meridian Mode Sdn Bhd For A Purchase Consideration Of RM15 Million To Be Wholly Satisfied By The Issuance Of 67,415,730 RCE Shares Of RM0.10 Each At An Issue Price Of RM0.2225 Per Share ("Proposed Acquisition")

Contents :

Malaysian International Merchant Bankers Berhad, on behalf of the Board of Directors of RCE Capital Berhad ("RCE"), is pleased to announce that RCE is proposing to undertake the following:


· Proposed Acquisition Of 10,000 Ordinary Shares Of RM1.00 Each Representing The Remaining 12.5% Of The Equity Interest In RCE Enterprise Sdn Bhd (Formerly Known As E-Drama Sdn Bhd) Not Owned By RCE From Meridian Mode Sdn Bhd For A Purchase Consideration Of RM15 Million To Be Wholly Satisfied By The Issuance Of 67,415,730 RCE Shares Of RM0.10 Each At An Issue Price Of RM0.2225 Per Share ("Proposed Acquisition").


Please refer to the attached document for the full text of the announcement pertaining to the abovementioned Proposed Acquisition.


This announcement is dated 11 November 2005.
RCE - Proposed Acquisition.doc

Attachments

RCE - Proposed Acquisition.doc
172 KB


Announcement Info

Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP
Date Announced11 Nov 2005  
CategoryGeneral Announcement
Reference NoMM-051111-67687

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