Company Name
:
A-RANK BERHAD
Stock Name
:
ARANK  
Date Announced
:
04/01/2013


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

Description
:
A-RANK BERHAD ("A-RANK" OR THE "COMPANY")
SUBSCRIPTION OF 4,950,000 ORDINARY SHARES OF RM1.00 EACH AT PAR REPRESENTING
55% EQUITY INTEREST IN HONGLEE GROUP (M) SDN. BHD. ("HONGLEE") FOR A TOTAL CASH
CONSIDERATION OF RM4,950,000.00

Attachments
:
Announcement-Subscription Of Shares In Honglee Group (M) Sdn Bhd.pdf

Announcement Details/Table Section :

The Board of Directors of A-RANK is pleased to announce that A-RANK has on 4 January 2013 entered into a Share Subscription Agreement ("Subscription Agreement") together with Apresi Sdn. Bhd. (Company No.959074-M) ("Apresi") and Mr. Tan Tiam Chai ("TTC") for the proposed subscription by A-RANK of 4,950,000 ordinary shares of RM1.00 each at par representing 55% equity interest in HONGLEE for a total cash consideration of RM4,950,000.00 ("Proposed Subscription").

Details of the subscription of shares is attached below.

Dated this 4 January 2013.


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