News
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY") PROPOSED INVESTMENT IN WISDOM CAPITAL LIMITED PARTNERSHIP, A TAIWAN-BASED GLOBAL DEEPTECH-SEMICONDUCTOR FUND 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 7 July 2022 formalized the investment of up to United States Dollar One Million (USD1,000,000) only (equivalent to approximately Ringgit Malaysia Four Million Four Hundred Twenty Eight Thousand (RM4,428,000.00) at an exchange rate of USD1 : RM4.4280) over the period of four years in Wisdom Capital Limited Partnership (the “Partnership”), a Taiwan-based Global DeepTech-Semiconductor Fund (the “Fund”) in Taiwan and across the world ("Proposed Investment").
The Company was notified of the Proposed Investment clearance from the relevant authorities in Taiwan and the Partnership for the remittance of the 1st tranche of investment of United States Dollar Two Hundred Fifty Four Thousand (USD254,000) only on 7 July 2022.
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 | GA1-08072022-00008 |
Attachments
- Investment_into_Global_DeepTech-Semiconductor_Fund.pdf (Size: 116,734 bytes)