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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
VSTECS BERHAD (FORMERLY KNOWN AS ECS ICT BERHAD) ('THE COMPANY' OR 'VSTECS') - PROPOSED INVESTMENT IN I.S.A. TECHNOLOGIES SDN. BHD. ('ISAT') AND ITS WHOLLY-OWNED SUBSIDIARY COMPANY, I.S.A. INNOVATION SDN. BHD. (COLLECTIVELY REFERRED TO AS THE ISA GROUP) BY THE COMPANY ('PROPOSED INVESTMENT') |
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Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the announcements announced by the Company on 21 November 2018, 18 February 2019, 18 April 2019 and 14 May 2019 in relation to the Proposed Investment. The Board of Directors of VSTECS wishes to announce that the Proposed Subscription has been completed today in accordance to the terms and conditions as stipulated in the Subscription Agreement. Upon completion of the above, the Proposed Investment has been completed and ISAT becomes a 40%-owned associate company of VSTECS. The remaining 60% equity interest in ISAT is jointly held by Mr. Lim Fun Jin, Ms. Alice Yuen Mei Foong, Mr. Yong Keong Tuck, Mr. Tan Wai Ho and Mr. Alvin Yuen Tai Keng, respectively. This announcement is dated 18 July 2019. |
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Announcement Info
| Company Name | VSTECS BERHAD |
| Stock Name | VSTECS |
| Date Announced | 18 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18072019-00024 |