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Circular/Notice to Shareholders

GLOBAL ORIENTAL BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- I. PROPOSED ACQUISITION OF 450,000 ORDINARY SHARES IN EDISIJUTA PARKING SDN BHD ("EPSB"), REPRESENTING THE REMAINING 45% EQUITY INTEREST IN EPSB NOT ALREADY OWNED BY GLOBAL ORIENTAL BERHAD ("GOB"), FOR A PURCHASE CONSIDERATION OF RM22.50 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION"); AND II. PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF GOB AND ITS SUBSIDIARIES TO INCLUDE THE BUSINESS OF CAR PARK OPERATIONS MANAGEMENT ("PROPOSED DIVERSIFICATION") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")


Please refer attachment below.



Announcement Info

Company Name GLOBAL ORIENTAL BERHAD
Stock Name GOB
Date Announced 16 Feb 2024
Category Document Submission
Reference Number DCS-16022024-00005



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