Newsroom

Email This Print This Bursa Announcements

Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackMar 01, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

GD EXPRESS CARRIER BHD PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN MBE BUSINESS CORPORATION SDN BHD AND MBE BUSINESS HOLDING SDN BHD

The Board of Directors of GD Express Carrier Bhd (“GDEX” or “the Company”) wishes to announce that GD Express Sdn Bhd (Company No. 347624-X) (“GDSB” or “Purchaser”), a wholly-owned subsidiary of the Company had on 1 March 2018 entered into a Conditional Share Sale Agreement (“Agreement”) with MBE Business Corporation Sdn Bhd (Company No. 311988-A) (“MBC”) and MBE Business Holding Sdn Bhd (Company No. 724584-K) (“MBH”) (collectively “MBE Malaysia” or “Sellers”) for the proposed acquisition of 100% of the share capital of MBC and MBH for a total purchase consideration of RM4,000,000.00 and RM1,500,000.00 respectively (“Purchase Consideration”)(“Proposed Acquisition”). Upon completion of the Proposed Acquisition, MBC and MBH shall become wholly-owned subsidiaries of the Purchaser.

Please refer to the attachment for details of the Proposed Acquisition.

This announcement is dated 1 March 2018.

 

 



Please refer attachment below.

 


Announcement Info

Company Name GD EXPRESS CARRIER BERHAD
Stock Name GDEX
Date Announced 01 Mar 2018
Category General Announcement for PLC
Reference Number GA1-01032018-00106

Attachments

  1. GDEX_Announcement_Proposed_Acquisition_of_MBE_1.3.2018.pdf (Size: 410,792 bytes)