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") |
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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. |
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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 |