Transactions (Chapter 10 of Listing Requirements) : Non Related Party Transactions Technodex Bhd ("TDEX" or "the Company") (i) Proposed Subscription of 50% shares in Surfstek Resources (R&D) Sdn Bhd ("Surfstekr&d"); And (ii) Proposed Subscription Of 50% Shares In Myproperty Data Sdn Bhd ("Myproperty")

BackJun 03, 2015
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

TECHNODEX BHD ("TDEX" OR "THE COMPANY") (i) PROPOSED SUBSCRIPTION OF 50% SHARES IN SURFSTEK RESOURCES (R&D) SDN BHD ("SURFSTEKR&D"); AND (ii) PROPOSED SUBSCRIPTION OF 50% SHARES IN MYPROPERTY DATA SDN BHD ("MYPROPERTY")

The Board of Directors of TDEX (“Board”) wishes to announce that the Company had on 3 June 2015 entered into the following shareholders’ agreements:-

(a)        the shareholders’ agreement between the Company and SurfsTeK Resources (M) Sdn Bhd ("SurfsTeK") to subscribe for an aggregate of 1,500,000 new ordinary shares of RM1.00 each in SurfsTeKR&D (“SurfsTeKR&D Shares”) representing 50% of the enlarged issued and paid-up share capital of SurfsTeKR&D for a total cash consideration of RM1.50 million and to regulate the relationships between the Company and SurfsTeK inter se as the shareholders of SurfsTeKR&D; and

(b)        the shareholders’ agreement between the Company and Epilog Tenggara Sdn Bhd ("Epilog") to subscribe for an aggregate of 1,500,000 new ordinary shares of RM1.00 each in MyProperty (“MyProperty Shares”) representing 50% of the enlarged issued and paid-up share capital of MyProperty for a total cash consideration of RM1.50 million and to regulate the relationships between the Company and Epilog inter se as the shareholders of MyProperty.

Please refer to the attachment for further information.

This announcement is dated 3 June 2015.

 


Announcement Info

Company Name TECHNODEX BHD
Stock Name TDEX
Date Announced 03 Jun 2015
Category General Announcement for PLC
Reference Number GA1-20052015-00080

Attachments

  1. Announcement_-_Shareholders_Agreement_(final).pdf (Size: 43,144 bytes)