The Board of Directors of ATTA wishes to announce that Park Avenue Construction Sdn. Bhd. (“PAC” or “the Purchaser”), a wholly-owned subsidiary of ATTA, had on 26 September 2018 entered into a Shares Sale Agreement (“SSA”) with Tan Sri Dato’ Dr. Khor Eng Chuen, JP (NRIC No. 640813-02-5615) (“the Vendor”) for the acquisition of 2 ordinary shares (“Sale Shares”) representing 100% equity interest in SPARKLE GATEWAY SDN. BHD. (1193999-P) (“SGSB”) for a total consideration of RM15,000,000 to be satisfied as follows:

a)   RM2.00 as consideration on acquiring 2 ordinary shares from Tan Sri Dato’ Dr. Khor Eng Chuen, JP; and

b)   the remaining sum of RM14,999,998.00 as borrowings or advances from PAC to SGSB (“PAC’s obligation”) for the purpose of repayment of Director’s advances.

(herein referred to as "Proposed Acquisition")

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

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

This announcement is dated 26 September 2018.


Please refer attachment below.
ATTA - Acquisition_Sparkle Gateway_Bursa_Final.pdf