Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions
BackOct 31, 2014
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TECHNODEX BHD (“TDEX” OR THE “COMPANY”) ACQUISITION AND SUBSCRIPTION BY TDEX OF A TOTAL OF 275,000 ORDINARY SHARES OF RM1.00 EACH IN IDEALSEED RESOURCES SDN BHD (“IDEALSEED”) REPRESENTING 55% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF IDEALSEED FOR A TOTAL CASH CONSIDERATION OF RM2,200,000 (“ACQUISITION”) |
Unless otherwise defined, all definitions and abbreviations used in this announcement shall be the same as those previously defined in the announcement dated 17 October 2014. We refer to the Company’s announcement dated 17 October 2014 in relation to the Acquisition. On behalf of the Board of Directors of TDEX, TA Securities Holding Berhad wishes to announce that following the satisfaction and fulfilment of all conditions precedent stipulated under the SSA and Subscription Agreement, the parties have proceeded to complete the Acquisition on 31 October 2014. Pursuant thereto, Idealseed is now a 55%-owned subsidiary of TDEX. This announcement is dated 31 October 2014. |
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Announcement Info
| Company Name | TECHNODEX BHD (ACE Market) |
| Stock Name | TDEX |
| Date Announced | 31 Oct 2014 |
| Category | General Announcement |
| Reference No | OS-141031-55495 |