OTHERS MARINE & GENERAL BERHAD (FORMERLY KNOWN AS SILK HOLDINGS BERHAD) - SIGNING OF SUBSCRIPTION AGREEMENT BETWEEN TKH MARINE (L) LTD, JASA MERIN (LABUAN) PLC AND TENG KENG HAN

MARINE & GENERAL BERHAD

Type Announcement
Subject OTHERS
Description
MARINE & GENERAL BERHAD (FORMERLY KNOWN AS SILK HOLDINGS BERHAD)
- SIGNING OF SUBSCRIPTION AGREEMENT BETWEEN TKH MARINE (L) LTD, JASA MERIN (LABUAN) PLC AND TENG KENG HAN

The Board of Directors (“Board”) of Marine & General Berhad (“M&G”) would like to announce that M&G, via its wholly- owned subsidiary Jasa Merin (Labuan) PLC ("JML") has entered into a Subscription Agreement with TKH Marine (L) Ltd (“TKH Marine”) and Teng Keng Han (“TKH”) for JML to initially subscribe 277,000 shares representing a 50% equity interest in TKH Marine for a cash consideration of USD 277,000.  

Please refer to the attachment for further details.

This announcement is dated 1 March 2018.




Please refer attachment below.



Announcement Info

Company Name MARINE & GENERAL BERHAD
Stock Name M&G
Date Announced 01 Mar 2018
Category General Announcement for PLC
Reference Number GA1-01032018-00071