OTHERS OPTION AGREEMENT BETWEEN SWS CAPITAL BERHAD ("SWS" OR "THE COMPANY") AND NEXUS UNION SDN. BHD. ("NEXUS") IN RELATION TO NEXUS GRANTING AN OPTION TO SWS TO PURCHASE 3,442,500 ORDINARY SHARES IN MATA AEROTECH SDN BHD ("MATA AEROTECH" OR "JVC") HELD BY NEXUS FOR A TOTAL PURCHASE CONSIDERATION OF RM4,725,000 REPRESENTING 51% OF THE PAID-UP CAPITAL OF MATA AEROTECH

SWS CAPITAL BERHAD

Type Announcement
Subject OTHERS
Description
OPTION AGREEMENT BETWEEN SWS CAPITAL BERHAD ("SWS" OR "THE COMPANY") AND NEXUS UNION SDN. BHD. ("NEXUS") IN RELATION TO NEXUS GRANTING AN OPTION TO SWS TO PURCHASE 3,442,500 ORDINARY SHARES IN MATA AEROTECH SDN BHD ("MATA AEROTECH" OR "JVC") HELD BY NEXUS FOR A TOTAL PURCHASE CONSIDERATION OF RM4,725,000 REPRESENTING 51% OF THE PAID-UP CAPITAL OF MATA AEROTECH

Reference is made to the announcement dated 09 July 2019 in relation to the Option Agreement (“Announcement”). Unless otherwise stated, the definitions used throughout this announcement are the same as those previously defined in the Announcement.

 

The Board of Directors of SWS wishes to announce that SWS has agreed to exercise the option in accordance with the terms of the Option Agreement.

 

 

 

 

This announcement is dated 05 August 2019.






Announcement Info

Company Name SWS CAPITAL BERHAD
Stock Name SWSCAP
Date Announced 05 Aug 2019
Category General Announcement for PLC
Reference Number GA1-02082019-00089