| SASBADI HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PMI EDUCATION SDN BHD |
The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “the Company”) is pleased to announce that the Company has on 29 June 2015 entered into a share sale agreement ("SSA") with Chua Chong Keow, Amir Hamzah Bin Mohd Yusof and Norizan Binti Samausi to acquire 100% of the issued and paid-up share capital of PMI Education Sdn Bhd, comprising 1,000,000 ordinary shares of RM1.00 each, for a purchase price of RM2,600,000.00 only subject to the terms and conditions in the SSA (“Proposed Acquisition”).
Upon completion of the Proposed Acquisition, PMI Education Sdn Bhd will become a wholly-owned subsidiary of Sasbadi Holdings.
Please refer to the attachment for further details on the Proposed Acquisition.
This announcement is dated 29 June 2015.
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Please refer attachment below.
Announcement Info
| Company Name | SASBADI HOLDINGS BERHAD |
| Stock Name | SASBADI |
| Date Announced | 29 Jun 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29062015-00033 |
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