News
Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
Type
| Announcement | |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
SHAREHOLDERS ADVANCES TO AND/OR SUBSCRIPTION OF SHARES IN HELENIUM HOLDINGS LIMITED ("HHL"), A 40%-OWNED INDIRECT ASSOCIATED COMPANY OF ASB HELD VIA SYNERGY REALTY INCORPORATED ("SRI"), (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY HELD VIA ADVANCE SYNERGY PROPERTIES SDN BHD ("ASP"), A WHOLLY-OWNED SUBSIDIARY OF ADVANCE SYNERGY BERHAD ("ASB") |
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Pursuant to paragraphs 8.23(1)(iii) and 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Main LR”), ASB wishes to announce that its indirect wholly-owned subsidiary, SRI, will provide funding via shareholders’ advances to and/or subscription of shares in HHL totaling Sterling Pound (“GBP”) 1,558,660 (equivalent to approximately RM8.83 million)(“Proposal”). HHL owns a property in North London situated on Kilburn High Road comprising 38 serviced apartments and 12 residential apartments (“Kilburn Apartments”), ground floor retail unit and a basement unit (hereinafter referred to as “Property”). Details of the full announcement is attached herewith. This announcement is dated 15 May 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | ADVANCE SYNERGY BERHAD |
| Stock Name | ASB |
| Date Announced | 15 May 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15052017-00072 |
Attachments
- ASB-Announcement_Subscribe_shares_in_Helenium_15_05_2017.pdf (Size: 60,386 bytes)