TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS AEON CREDIT SERVICE (M) BERHAD (“AEON CREDIT” or “THE COMPANY”) UPDATE STATUS IN RESPECT OF THE JOINT VENTURE IN INDIA (I) Deed of Adherence executed by the Company with AEON Credit Service Co., Ltd. (“ACSJ”), Edelweiss Financial Services Ltd. (“EFSL”) and AEON Credit Service India Private Limited, a wholly-owned subsidiary of the Company (“ACSI” or “JVCO”) (II) Proposed Subscription of 7,450,000 Ordinary Shares of Rupees 10/- each in ACSI, and issuance of new shares in ACSI to ACSJ and EFSL (and/or its Affiliates*), resulting in dilution of the Company’s equity interest in ACSI from 100% of the issued and paid-up share capital of ACSI to 20% of the proposed enlarged issued and paid-up share capital of ACSI

AEON CREDIT SERVICE (M) BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AEON CREDIT SERVICE (M) BERHAD (“AEON CREDIT” or “THE COMPANY”)

UPDATE STATUS IN RESPECT OF THE JOINT VENTURE IN INDIA

(I) Deed of Adherence executed by the Company with AEON Credit Service Co., Ltd. (“ACSJ”), Edelweiss Financial Services Ltd. (“EFSL”) and AEON Credit Service India Private Limited, a wholly-owned subsidiary of the Company (“ACSI” or “JVCO”)

(II) Proposed Subscription of 7,450,000 Ordinary Shares of Rupees 10/- each in ACSI, and issuance of new shares in ACSI to ACSJ and EFSL (and/or its Affiliates*), resulting in dilution of the Company’s equity interest in ACSI from 100% of the issued and paid-up share capital of ACSI to 20% of the proposed enlarged issued and paid-up share capital of ACSI


Announcement Info

Company NameAEON CREDIT SERVICE (M) BERHAD  
Stock Name AEONCR    
Date Announced31 May 2012  
CategoryGeneral Announcement
Reference NoCC-120531-39947