News

PROPOSED ACQUISITION OF UP TO 51.25% EQUITY INTEREST IN POSTHOTEL AROSA AG ("Arosa") BY HOLIDAY VILLA ASSETS SDN BHD (FORMERLY KNOWN AS HOLIDAY VILLA SUBANG SDN BHD) ("HV Assets"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ASB (HELD VIA ALANGKA-SUKA HOTELS & RESORTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ASB)

BackJun 21, 2012
Date Announced
:
 21/06/2012  



Type
:
 Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
ADVANCE SYNERGY BERHAD (“ASB”)
PROPOSED ACQUISITION OF UP TO 51.25% EQUITY INTEREST IN POSTHOTEL AROSA AG (“Arosa”) BY HOLIDAY VILLA ASSETS SDN BHD (FORMERLY KNOWN AS HOLIDAY VILLA SUBANG SDN BHD) (“HV Assets”), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ASB (HELD VIA ALANGKA-SUKA HOTELS & RESORTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ASB)

Announcement Details/Table Section :

 

Further to our announcement on 4 June 2012 in respect of the above captioned, we wish to announce that the proposed acquisition of the 40% equity interest in Arosa has been completed and accordingly, Arosa became an indirect associated company of ASB held via HV Assets. 

This announcement is dated 21 June 2012.