On behalf of the Board of Directors of TDEX (Board), TA Securities Holdings Berhad is pleased to announce that TDEX had on 7 May 2014 entered into a Heads of Agreement with Chong Eng Yeau and Pang Kim Huay (collectively, the Controlling Shareholders) with the intention to invest in Zeal Systems (M) Sdn. Bhd., MYZSM Sdn. Bhd. and E-Tech IT Solution Pte. Ltd. by way of subscription of 55% equity interest in a private limited company to be formed by the Controlling Shareholders under the Companies Act, 1965 (Act) (SPV) for an aggregate subscription price of RM2,200,000 (HOA) (Proposed Subscription).
Please refer to the attachment for further information.
This announcement is dated 7 May 2014.