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BackAug 18, 2016

 

Type Announcement
Subject OTHERS
Description

SALCON BERHAD ("SALCON" OR "THE COMPANY")
- SUBSCRIPTION OF 65% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL IN CIRCLIC INTERACTIVE SDN BHD ("CISB") BY SALCON WATER INTERNATIONAL LIMITED ("SWIL"), A WHOLLY OWNED SUBSIDIARY OF SALCON

Pursuant to Paragraph 9.19(23) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements (“MMLR”), the Board of Directors of Salcon wishes to announce that SWIL has on 18 August 2016 entered into a Subscription Agreement with CISB to subscribe for 4,643 ordinary shares of RM1.00 each in CISB, representing 65% of the enlarged issued and paid-up share capital of CISB for a total cash consideration of RM4,643.00 (“Subscription”).  Following the Subscription, CISB becomes a 65%-owned subsidiary of Salcon.

Please refer to the attachment for further details.

 

This announcement is dated 18 August 2016.

 

Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 18 Aug 2016
Category General Announcement for PLC
Reference Number GA1-18082016-00042

Attachments

  1. Salcon_Acquisition_of_Subsidiary_Circlic_Interactive_Sdn_Bhd.pdf (Size: 197,737 bytes)