News

Advance Synergy Berhad ("ASB") Proposed Acquisition By ASB Of The Remaining 50% Equity Interest Comprising 3,000,000 Ordinary Shares Of RM1.00 Each In Diversified Gain Sdn Bhd ("DG") From Berjaya Group Berhad ("BGB") For A Cash Consideration Of RM300,000.00 ("Proposed Acquisition")

BackJul 09, 2004
General Announcement
Reference No AS-040709-61980
Company Name : ADVANCE SYNERGY BERHAD
Stock Name : ASB
Date Announced : 09/07/2004


Type : Announcement
Subject : ADVANCE SYNERGY BERHAD ("ASB")
Proposed Acquisition by ASB of the remaining 50% equity interest comprising 3,000,000 ordinary shares of RM1.00 each in Diversified Gain Sdn Bhd ("DG") from Berjaya Group Berhad ("BGB") for a cash consideration of RM300,000.00 ("Proposed Acquisition")

Contents :

Further to our announcement on 6 July 2004 in respect of the Proposed Acquisition, we wish to announce that ASB has on 9 July 2004 completed the Proposed Acquisition in the manner as set out in the agreement dated 9 December 2003 made between ASB and BGBand as varied by the parties by letters dated 6 July 2004. Consequently, DG is now a wholly-owned subsidiary of ASB.

(This announcement is dated 9 July 2004)