TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MANFORCE GROUP BERHAD ("MGB") PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN MANPOWER LOCATIONS STRATEGIES SDN BHD ("MLSSB") BY MANFORCE RESOURCES (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MGB FOR A TOTAL CASH CONSIDERATION OF RM300,000.00 ("PROPOSED ACQUISITION")

MANFORCE GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MANFORCE GROUP BERHAD ("MGB")

PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN MANPOWER LOCATIONS STRATEGIES SDN BHD ("MLSSB") BY MANFORCE RESOURCES (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MGB FOR A TOTAL CASH CONSIDERATION OF RM300,000.00 ("PROPOSED ACQUISITION")

The Board of Directors of Manforce Group Berhad (“Board”) wishes to announce that Manforce Resources (M) Sdn Bhd (“MRSB”), the wholly-owned subsidiary of MGB, had on 4 July 2019  entered into a Share Sale Agreement (“SSA”) with the vendors of MLSSB, namely Cheung Seng Yew and Chung Heng Yee to acquire MLSSB for a total consideration of RM300,000.00 (“Purchase Consideration”) to be satisfied entirely by cash. 

 

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

 

This announcement is dated 4 July 2019.




Please refer attachment below.



Announcement Info

Company Name MANFORCE GROUP BERHAD
Stock Name MFGROUP
Date Announced 04 Jul 2019
Category General Announcement for PLC
Reference Number GA1-04072019-00049