News
Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
BackJul 08, 2022
| 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)