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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS IDIMENSION CONSOLIDATED BHD ("ICB" OR THE "COMPANY") PROPOSED MANAGEMENT BUY-OUT BY DANIEL BOO HUI SIONG OF THE ENTIRE EQUITY INTERESTS IN IDIMENSION MSC SDN. BHD., IDIMENSION SYSTEMS SDN. BHD., IDIMENSION MSC PTE. LTD., IDIMENSION AGRISOFT SDN. BHD. AND IDB INTERACTIVE SDN. BHD. FROM ICB FOR A TOTAL CASH CONSIDERATION OF RM11,957,000

IDIMENSION CONSOLIDATED BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
IDIMENSION CONSOLIDATED BHD ("ICB" OR THE "COMPANY")

PROPOSED MANAGEMENT BUY-OUT BY DANIEL BOO HUI SIONG OF THE ENTIRE EQUITY INTERESTS IN IDIMENSION MSC SDN. BHD., IDIMENSION SYSTEMS SDN. BHD., IDIMENSION MSC PTE. LTD., IDIMENSION AGRISOFT SDN. BHD. AND IDB INTERACTIVE SDN. BHD. FROM ICB FOR A TOTAL CASH CONSIDERATION OF RM11,957,000

On behalf of the Board of Directors of ICB, KAF Investment Bank Berhad wishes to announce that ICB, as the seller, had on 5 March 2020 entered into a share sale agreement with Daniel Boo Hui Siong (“Daniel”) in relation to the proposed management buy-out by Daniel of the entire equity interests in iDimension MSC Sdn. Bhd., iDimension Systems Sdn. Bhd., iDimension MSC Pte. Ltd., iDimension Agirsoft Sdn. Bhd. and IDB Interactive Sdn. Bhd. from ICB for a total cash consideration of RM11,957,000 (“Proposed MBO”).

 

 

Please refer to the attachment below for further details of the Proposed MBO.

 

 

This announcement is dated 5 March 2020.




Please refer attachment below.

Attachments

ICB - Announcement 5.3.2020.pdf
432.4 kB



Announcement Info

Company Name IDIMENSION CONSOLIDATED BHD
Stock Name IDMENSN
Date Announced 05 Mar 2020
Category General Announcement for PLC
Reference Number GA1-05032020-00073



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