PENTAMASTER CORPORATION | Type | Announcement |
| Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY") PROPOSED INVESTMENT IN PINGSPACE SDN. BHD. BY PENTAMASTER INNOTEQ SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
The board (the "Board") of directors (the "Directors") of PCB is pleased to announce that its wholly-owned subsidiary, Pentamaster Innoteq Sdn. Bhd. ("PISB") had on 8 July 2022 entered into a Share Investment Agreement (the "Agreement") to subscribe for 225,451 new fully paid up ordinary shares (the "Shares") representing 6.8% of the total enlarged issued and paid-up capital in Pingspace Sdn. Bhd. ("Pingspace") (the "Proposed Investment") for a total cash consideration of Ringgit Malaysia Five Million (RM 5,000,000) only ("Consideration").
Please refer to the attached for further details.
This announcement is dated 8 July 2022.
Please refer attachment below.
Announcement Info| Company Name | PENTAMASTER CORPORATION BERHAD |
| Stock Name | PENTA |
| Date Announced | 08 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07072022-00028 |
Attachments
- Investment_in_Pingspace.pdf (Size: 134,799 bytes)
Attachments
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Disclaimer
Pentamaster Corporation Bhd published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 03:43:00 UTC.
