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BURSA ANNOUNCEMENTS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS - ACQUISITION OF 100% EQUITY INTEREST IN MPSB VENTURE SDN. BHD. ("MPSBV") BY ATTA GLOBAL GROUP BERHAD ("ATTA" or "the COMPANY")


Type
Announcement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ACQUISITION OF 100% EQUITY INTEREST IN MPSB VENTURE SDN. BHD. ("MPSBV") BY ATTA GLOBAL GROUP BERHAD ("ATTA" or "the COMPANY")


The Board of Directors of ATTA wishes to announce that on 15 May 2019, the Company has entered into a Share Sale Agreement (“SSA”) with Tac Wind Sdn. Bhd. (1192606-V) (“the Vendor”) for the acquisition of 5,000,000 ordinary shares (“Sale Shares”) representing 100% equity interest in MPSBV for a total consideration of RM28,000,000 to be satisfied as follows:

  1. RM3,000,000.00 as cash consideration;and

  2. the remaining sum of RM25,000,000.00 as an agreed sum of the full settlement of total amount owing by MPSBV to the Directors.

(herein referred to as "Proposed Acquisition")


Upon completion of the Proposed Acquisition, MPSB will become a wholly owned subsidiary of ATTA.

Please refer to the attached file for the full text of the Annoncement.

This announcement is dated 15 May 2019.



Please refer attachment below.
ATTA - Bursa_MPSB_Final.pdf

ANNOUNCEMENT INFO

Reference No GA1-14052019-00042
Company Name: ATTA GLOBAL GROUP BERHAD
Stock Name: ATTA
Date Announces: 15 May 2019
Category: General Announcement for PLC
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