News

Advance Synergy Berhad ("ASB") Or ("The Company") · Proposed Disposal Of 49% Equity Interest In ACE Synergy Insurance Berhad Comprising 49,000,000 Ordinary Shares Of RM1.00 Each To United Merchant Group Berhad For A Total Cash Consideration Of RM71,000,000; · Proposed Acquisition By Worldwide Matrix Sdn Bhd, A Wholly-owned Subsidiary Of Advance Synergy Berhad, Of A 70% Equity Interest In Unified Communications Sdn Bhd Comprising 700,140 Ordinary Shares Of RM1.00 Each For A Total Cash Consideration Of RM54,000,000 From Wong Tze Leng; And · Proposed Acquisition By Worldwide Matrix Sdn Bhd, A Wholly-owned Subsidiary Of Advance Synergy Berhad, Of A 70% Equity Interest In Unified Communications Pte Ltd Comprising 700,000 Ordinary Shares of SGD1.00 Each For A Total Cash Consideration Of RM45,000,000 From Wong Tze Leng. (Collectively Referred To As The Proposals)

BackMay 25, 2002
General Announcement
Reference No MI-020524-60974
Submitting Merchant Bank : SOUTHERN INVESTMENT BANK BERHAD
Company Name : ADVANCE SYNERGY BERHAD
Stock Name : ASB
Date Announced : 24/05/2002

Type : Announcement
Subject : ADVANCE SYNERGY BERHAD ("ASB") or ("the Company")
? Proposed disposal of 49% equity interest in ACE Synergy Insurance Berhad comprising 49,000,000 ordinary shares of RM1.00 each to United Merchant Group Berhad for a total cash consideration of RM71,000,000;

? Proposed acquisition by Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of Advance Synergy Berhad, of a 70% equity interest in Unified Communications Sdn Bhd comprising 700,140 ordinary shares of RM1.00 each for a total cash consideration of RM54,000,000 from Wong Tze Leng; and

? Proposed acquisition by Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of Advance Synergy Berhad, of a 70% equity interest in Unified Communications Pte Ltd comprising 700,000 ordinary shares of SGD1.00 each for a total cash consideration of RM45,000,000 from Wong Tze Leng.
(Collectively referred to as the Proposals)

Contents :

Please be informed that an Extraordinary General Meeting of the Company will be held at Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara Off Jalan Damansara, 60000 Kuala Lumpur on Wednesday, 12 June 2002 at 10.30 a.m. in respect of the Proposals. The Notice of Extraordinary General Meeting is attached for your reference.

This announcement is dated 24 May 2002.


Notice of EGM.doc

Attachments

  1. Notice_of_EGM_2.doc (Size: 25,088 bytes)