Others
| Type | Announcement |
| Subject | OTHERS |
| Description |
Salcon Berhad ("Salcon" or "the Company") Acquisition of a Subsidiary Company by Eco-Coach & Tours (M) Sdn Bhd, a 51.3%-owned subsidiary of Salcon Capital Sdn Bhd, which in turn is a wholly-owned subsidiary of Salcon |
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Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Salcon wishes to announce that Eco-Coach & Tours (M) Sdn Bhd (Company No. 482780-T) (“ECT”), a 51.3%-owned subsidiary of Salcon Capital Sdn. Bhd., which in turn is a wholly-owned subsidiary of Salcon had on 26 June 2018 entered into a Share Purchase Agreement with Dato’ Lee Soon Ann, Datin Li Jing and Li Xiao Chun for the acquisition of the entire equity interest in Crystal Expertise Sdn Bhd (Company No. 0823817-P) (“CESB”) comprising 1,000,000 ordinary shares, from Dato’ Lee Soon Ann (930,000 ordinary shares), Datin Li Jing (35,000 ordinary shares) and Li Xiao Chun (35,000 ordinary shares) for a total cash consideration of RM1,430,000.00 only (“Acquisition”). Please refer to the attachment for further details on the Acquisition.
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 26 Jun 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22062018-00067 |
Attachments
- Acquisition_of_Crystal_Expertise_Sdn_Bhd_(26_June_2018).pdf (Size: 200,395 bytes)