Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
May 13, 2024
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SOUTHERN SCORE BUILDERS BERHAD ("SSBB" OR THE "COMPANY") PROPOSED ACQUISITION BY SSBB OF 1,275,000 ORDINARY SHARES IN SJEE ENGINEERING SDN BHD ("SJEE"), REPRESENTING 51% EQUITY INTEREST IN SJEE FROM NGO HEA BING FOR A TOTAL CASH CONSIDERATION OF RM22,950,000 ("PROPOSED ACQUISITION") |
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On behalf of the Board of Directors of SSBB, Kenanga Investment Bank Berhad wishes to announce that the Company had on 13 May 2024 entered into the following agreements:
(i) a conditional shares sale and purchase agreement with Ngo Hea Bing ("NHB") for the proposed acquisition by SSBB of 1,275,000 ordinary shares in SJEE, representing 51% equity interest in SJEE for a total cash consideration of RM22,950,000 ("Proposed Acquisition"); and
(ii) a conditional shareholders' agreement with NHB to regulate the relationship as well as the respective rights and obligations of shareholders of SJEE and to govern the conduct of the business and affairs of SJEE upon completion of the Proposed Acquisition.
Please refer to the attachment for further details of the Proposed Acquisition.
This announcement is dated 13 May 2024.
Please refer attachment below. |
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Announcement Info
| Company Name | SOUTHERN SCORE BUILDERS BERHAD |
| Stock Name | SSB8 |
| Date Announced | 13 May 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13052024-00057 |
Attachments
- SSBB_-_Proposed_Acquisition_(13_May_2024)_20240513.pdf (Size: 543,525 bytes)