GD EXPRESS CARRIER BHD ("GDEX" OR "THE COMPANY") SIGNING OF SUBSCRIPTION AGREEMENT AND SHAREHOLDERS AGREEMENT BETWEEN KONG EWE KEAT, WEB BYTES SDN BHD, THE COMPANY AND ALP CAPITAL SDN BHD
The Board of Directors of GDEX wishes to announce that the Company has on 23 November 2018 entered into a Subscription Agreement with Kong Ewe Keat (“Promoter”) (NRIC No. 771128-07-6043), Web Bytes Sdn Bhd (Company No. 799832-T) and ALP Capital Sdn Bhd (Company No. 1242106-T) to subscribe for 50,000 Series ‘A’ redeemable convertible preference shares (“A-RCPS”) at RM100.00 per A-RCPS (“Subscription A-RCPS”) in ALP Capital Sdn Bhd at the total subscription price of RM5,000,000.00 (“Total Subscription Price”) upon the terms and conditions as stipulated in the said Subscription Agreement (“Proposed Subscription”).
Concurrently with the execution of Subscription Agreement, the Company will also enter into a Shareholders Agreement with the Promoter, Web Bytes Sdn Bhd and ALP Capital Sdn Bhd to regulate the affairs of ALP Capital Sdn Bhd and their respective rights as shareholders of ALP Capital Sdn Bhd.
Please refer to the attached file for further details of the announcement.
This announcement is dated 23 November 2018.
Please refer attachment below.
|Company Name||GD EXPRESS CARRIER BERHAD|
|Date Announced||23 Nov 2018|
|Category||General Announcement for PLC|