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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS TA WIN HOLDINGS BERHAD ("TA WIN" OR "COMPANY") - PROPOSED ACQUISITION OF 705,892 ORDINARY SHARES IN CYPRIUM WIRE TECHNOLOGY SDN BHD ("CWT"), REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF CWT, FROM ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "VENDOR") FOR A CASH CONSIDERATION OF RM12,000,000.00 ("PROPOSED ACQUISITION")

TA WIN HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
TA WIN HOLDINGS BERHAD ("TA WIN" OR "COMPANY") 
- PROPOSED ACQUISITION OF 705,892 ORDINARY SHARES IN CYPRIUM WIRE TECHNOLOGY SDN BHD ("CWT"), REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF CWT, FROM ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "VENDOR") FOR A CASH CONSIDERATION OF RM12,000,000.00 ("PROPOSED ACQUISITION")

We refer to the announcements dated 23 March 2023 and 27 March 2023 in relation to the Proposed Acquisition. For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements otherwise defined herein. 

 

The Board of Directors of Ta Win wishes to announce that Cyprium Capital Sdn Bhd, a wholly-owned subsidiary of the Company has on 1 June 2023 completed the Proposed Acquisition, in accordance with the terms of the Share Sale Agreement. Accordingly, CWT is a 66%-owned subsidiary of Ta Win via Cyprium Capital Sdn Bhd. 

 

This announcement is dated 1 June 2023.



Announcement Info

Company Name TA WIN HOLDINGS BERHAD
Stock Name TAWIN
Date Announced 01 Jun 2023
Category General Announcement for PLC
Reference Number GA1-01062023-00062




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