News
Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions
BackJul 30, 2014
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | ADVANCE SYNERGY BERHAD ("ASB" OR “COMPANY”) PROPOSED SUBSCRIPTION OF EQUITY INTEREST IN HELENIUM HOLDINGS LIMITED (“HELENIUM”), A 40%-OWNED INDIRECT ASSOCIATED COMPANY OF ASB HELD VIA SYNERGY REALTY INCORPORATED (“SRI”, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ASB HELD VIA ADVANCE SYNERGY PROPERTIES SDN BHD (“ASP”, A WHOLLY-OWNED SUBSIDIARY OF ASB) |
Pursuant to paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Main LR”), the Company wishes to announce that SRI will subscribe for 6,400,000 ordinary shares of USD1.00 each at par in Helenium for cash consideration of USD6,400,000 (equivalent to approximately RM20,601,600 pursuant to a rights issue to be undertaken by Helenium to part finance its investment in a property at 34A-36 Kilburn High Road, London, NW6 5UA (“Property”). Further details are as set out in the attached announcement. |
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Announcement Info
| Company Name | ADVANCE SYNERGY BERHAD |
| Stock Name | ASB |
| Date Announced | 30 Jul 2014 |
| Category | General Announcement |
| Reference No | AS-140730-66713 |
Attachments
- ASB_300714.pdf (Size: 59,336 bytes)