TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY") - PROPOSED SHORT TERM INVESTMENT BY M3 TECHNOLOGIES PAKISTAN (PRIVATE) LIMITED

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY")
- PROPOSED SHORT TERM INVESTMENT BY M3 TECHNOLOGIES PAKISTAN (PRIVATE) LIMITED
The Board of Directors of M3Tech (“Board”) wishes to announce that M3 Technologies Pakistan (Private) Limited (“M3Tech Pakistan” or “Investor”), a 60% owned subsidiary of M3Tech had entered into Investment Agreement (“Investment Agreement”) with Aqeel Karim Dhedhi Securities (Private) Limited (“AKDSPL” or “Investee”)  for the short term investment with Investee to the tune of Pakistani Rupees (“PKR”) 150 Million (equivalent to approximately RM3.795 million) (“Investment Amount”) for a period of five (5) months from the date of disbursement (“Investment Period”), subject to and upon the terms and conditions of the Investment Agreement (“Proposed Short Term Investment”).

Please refer to the attachment for the details of this announcement. 

This announcement is dated 28 August 2019.



Please refer attachment below.



Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 28 Aug 2019
Category General Announcement for PLC
Reference Number GA1-26082019-00036