Company Name
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A-RANK BERHAD
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Stock Name
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ARANK
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Date Announced
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04/01/2013
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Type
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Announcement
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Subject
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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
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Description
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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
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Attachments
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Announcement-Subscription Of Shares In Honglee Group (M) Sdn Bhd.pdf
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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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© 2013, Bursa Malaysia Berhad. All Rights Reserved.
distributed by
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