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 |