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 SUBSCRIPTION OF NEW SHARES IN EVERREADY PRECISION INDUSTRIAL CORP, TAIWAN, REPUBLIC OF CHINA BY PENTAMASTER INNOTEQ SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY |
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 4 July 2022 in relation to the Proposed Subscription, where applicable, unless stated otherwise or defined herein.)
Reference is made to the announcement of the Company dated 4 July 2022 in relation to the subscription for 16,614,507 new fully paid up ordinary shares in Everready Precision Industrial Corp, Taiwan, Republic of China (“EPIC”) (“EPIC Shares”) representing 29.9% of the enlarged equity interest in EPIC (“Proposed Subscription”) by Pentamaster InnoTeq Sdn. Bhd. (“PISB”), a wholly owned subsidiary of PCB for a total consideration of United States Dollar Six Million Seven Hundred Seventy Six Thousand Seven Hundred and Thirty Three (USD6,776,733) (approximately equivalent to Ringgit Malaysia Twenty Nine Million Eight Hundred Eighty Five Thousand Three Hundred Ninety Three (RM29,885,393) at an exchange rate of USD1 : RM4.4100).
The board of directors of PCB wishes to inform that, in accordance with its rights under the terms of the Proposed Subscription, PISB has elected to withdraw from the Proposed Subscription. PISB will pursue for the return of the investment sum of USD6,776,733 from EPIC.
This announcement is dated 15 March 2023.
Announcement Info
| Company Name | PENTAMASTER CORPORATION BERHAD |
| Stock Name | PENTA |
| Date Announced | 15 Mar 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09032023-00024 |