News
Advance Synergy Berhad (ASB) · 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 (Proposals) (Amended Announcement)
BackJun 12, 2002
| General Announcement Reference No MI-020612-66009 |
Amended Announcement
(Please refer to the ealier announcement reference number: Southern Investment Bank Berhad)
(Please refer to the ealier announcement reference number: Southern Investment Bank Berhad)
| Submitting Merchant Bank | : | SOUTHERN INVESTMENT BANK BERHAD |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 12/06/2002 |
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| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD (ASB) ? 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 (Proposals) |
Contents :
Southern Investment Bank Berhad, on behalf of the Board of Directors of ASB, wishes to announce that the stockholders of ASB have approved the Proposals during an Extraordinary General Meeting held today.
This announcement is dated 12 June 2002.