News
Advance Synergy Berhad ("ASB" Or "The Company") Approval To Enter Into Negotiations For The Proposed Disposal Of The Company's Entire 49% Equity Interest In Ace Synergy Insurance Berhad ("ACE Synergy") To United Merchant Group Berhad ("UMG")
BackMay 14, 2001
| General Announcement Reference No CU-010514-61519 |
| Submitting Merchant Bank | : | Not Applicable |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 14/05/2001 |
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| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD ("ASB" or "the Company") Approval to enter into negotiations for the proposed disposal of the Company's entire 49% equity interest in ACE Synergy Insurance Berhad ("ACE Synergy") to United Merchant Group Berhad ("UMG") |
Contents :
The Directors of ASB are pleased to announce that ASB has obtained consent from Bank Negara Malaysia to commence negotiations for the proposed disposal of the Company's entire 49% equity interest in ACE Synergy to UMG.
Further information will be announced as soon as mutually agreeable terms are reached.
(This announcement is dated 14 May 2001.)