SUBSCRIPTION OF ADDITIONAL 1,715,000 NEW ORDINARY SHARES IN KPS-HCM SDN BHD, (KPS-HCM) BY KUMPULAN PERANGSANG SELANGOR BERHAD (PERANGSANG SELANGOR OR COMPANY)
Pursuant to Paragraph 9.19(23) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Perangsang Selangor wishes to announce that Perangsang Selangor had on 21 June 2017, entered into a Subscription Agreement with HCM Engineering Sdn Bhd and KPS-HCM for the subscription of additional 1,715,000 new ordinary shares in its 30% associated company, KPS-HCM for a total cash consideration of RM1,715,000 (“Subscription”).
Further details on the Subscription are set out in the attachment below.
This announcement is dated 21 June 2017.
|Company Name||KUMPULAN PERANGSANG SELANGOR BERHAD|
|Date Announced||21 Jun 2017|
|Category||General Announcement for PLC|