TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") HEADS OF AGREEMENTS IN RELATION TO THE:- (I) PROPOSED ACQUISITION BY SAUDEE OF 100% EQUITY INTEREST IN KK FRESH SDN BHD ("KK FRESH") (II) PROPOSED ACQUISITION BY SAUDEE OF 100% EQUITY INTEREST IN MEGAH DEUTSCH SDN BHD ("MEGAH DEUTSCH") (KK FRESH AND MEGAH DEUTSCH ARE COLLECTIVELY REFERRED TO AS THE "TARGET COMPANIES")

SAUDEE GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY")

HEADS OF AGREEMENTS IN RELATION TO THE:-

(I)	PROPOSED ACQUISITION BY SAUDEE OF 100% EQUITY INTEREST IN KK FRESH SDN BHD ("KK FRESH")

(II)	PROPOSED ACQUISITION BY SAUDEE OF 100% EQUITY INTEREST IN MEGAH DEUTSCH SDN BHD ("MEGAH DEUTSCH")

(KK FRESH AND MEGAH DEUTSCH ARE COLLECTIVELY REFERRED TO AS THE "TARGET COMPANIES")

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 13 July 2020 in relation to the Proposed Acquisitions).

 

We refer to the earlier announcement in relation to the Proposed Acquisitions dated 13 July 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that the HOAs in relation to the Proposed Acquisitions have lapsed and ceased to have effect today.

 

This announcement is dated 11 September 2020.






Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 11 Sep 2020
Category General Announcement for PLC
Reference Number GA1-11092020-00053