News

Disposal of the entire 100% equity interest held in a foreign subsidiary, Pentamaster Automation Engineering (Shanghai) Co. Ltd., for a Cash Consideration of RMB1.0 million

BackJul 09, 2009
General Announcement
Reference No CC-090709-55327

 

Company Name
:
 PENTAMASTER CORPORATION BERHAD  
Stock Name
:
 PENTA  
Date Announced
:
 09/07/2009  


Type
:
 Announcement
Subject
:
Disposal of the entire 100% equity interest held in a foreign subsidiary, Pentamaster Automation Engineering (Shanghai) Co. Ltd., for a Cash Consideration of RMB1.0 million

Contents
:
The Board of Directors of Pentamaster Corporation Berhad ("PMCB" or "Seller") wishes to announce that PMCB had on 1 July 2009 entered into an equity transfer agreement ("ETA") with Elecon Systems Engineering Limited ("Elecon" or "Purchaser"), a company duly incorporated under the laws of Hong Kong Special Administrative Region of the People's Republic of China, for the Disposal by PMCB of its entire 100% equity interest in a foreign subsidiary, Pentamaster Automation Engineering (Shanghai) Co. Ltd.,("PMAE") for a total cash consideration of RMB1.0 million ("the Disposal").

Please refer to the attached file for details of the Disposal.

Attachments

  1. Penta090709.pdf (Size: 54,298 bytes)