General Announcement for PLC

18/05/2022

OTHERS XOX BHD - PROPOSED ACQUISITION OF SHARES IN PERAK FC SDN. BHD.

XOX BHD

Type Announcement
Subject OTHERS
Description
XOX BHD
- PROPOSED ACQUISITION OF SHARES IN PERAK FC SDN. BHD.

Reference is made to the Company’s announcement made on 29 April 2022 in relation Memorandum of Understanding entered with Impact Media & Communication Sdn. Bhd. (“Impact Media” or “the Vendor”) for the proposed acquisition of 2,500 ordinary shares (“Sale Shares”), representing 100% equity interest in Perak FC Sdn. Bhd. (“Perak FC”) for a total purchase consideration of RM1.00 only (“Proposed Acquisition”).

 

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX Pro Sport Sdn. Bhd., (“the Purchaser”), a wholly-owned subsidiary of the Company had on 17 May 2022 entered into a Share Sale Agreement (“SSA”) with Impact Media for the Proposed Acquisition.

 

Further details of the Proposed Acquisition are set out in the attachment herein.

 

This announcement is dated 18 May 2022. 

 




Please refer attachment below.



Announcement Info

Company Name XOX BHD
Stock Name XOX
Date Announced 18 May 2022
Category General Announcement for PLC
Reference Number GA1-18052022-00013


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Date Title
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26/08/2022 OTHERS XOX BHD - PROPOSED ACQUISITION OF SHARES IN PERAK FC SDN. BHD.
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29/04/2022 MEMORANDUM OF UNDERSTANDING XOX BHD - MEMORANDUM OF UNDERSTANDING WITH IMPACT MEDIA & COMMUNICATION SDN. BHD.
03/03/2022 OTHERS XOX BHD - OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS")
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