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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SOLARVEST HOLDINGS BERHAD - PROPOSED ACQUISITION OF 50,000 ORDINARY SHARES OF DISTANCE SOLAR ENERGY SDN. BHD. ("DSESB") FROM MR. LIM A KAU @ LIM AH KAW, REPRESENTING 100% EQUITY INTERESTS IN DSESB BY SOLARVEST ASSET MANAGEMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

SOLARVEST HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SOLARVEST HOLDINGS BERHAD - PROPOSED ACQUISITION OF 50,000 ORDINARY SHARES OF DISTANCE SOLAR ENERGY SDN. BHD. ("DSESB") FROM MR. LIM A KAU @ LIM AH KAW, REPRESENTING 100% EQUITY INTERESTS IN DSESB BY SOLARVEST ASSET MANAGEMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors of Solarvest Holdings Berhad ("SHB" or “the Company") wishes to announce that its wholly-owned subsidiary, Solarvest Asset Management Sdn. Bhd. (“the Purchaser” or “SHB”), had on 12 January 2024 entered into a Shares Sale Agreement ("SSA") with Mr Lim A Kau @ Lim Ah Kaw ("the Vendor") for the acquisition of 50,000 ordinary shares of Distance Solar Energy Sdn. Bhd. ("DSESB") from the Vendor for a purchase consideration of RM850,000.00 (Ringgit Malaysia: Eight Hundred and Fifty Thousand only) (“Purchase Consideration”) ("Proposed Acquisition")

 

Please refer attachment for further details of the Proposed Acquisition.

 

This announcement is dated 12 January 2024




Please refer attachment below.



Announcement Info

Company Name SOLARVEST HOLDINGS BERHAD
Stock Name SLVEST
Date Announced 12 Jan 2024
Category General Announcement for PLC
Reference Number GA1-21122023-00012



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