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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS TFP SOLUTIONS BERHAD (TFP OR THE COMPANY) - PROPOSED ACQUISITION OF 75% EQUITY INTEREST IN JEJAK SEMANGAT SDN. BHD. BY MBP SOLUTIONS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TFP FROM LMS TECHONOLOGY DISTRIBUTIONS SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM1.00 ONLY

TFP SOLUTIONS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
TFP SOLUTIONS BERHAD (TFP OR THE COMPANY)
-	PROPOSED ACQUISITION OF 75% EQUITY INTEREST IN JEJAK SEMANGAT SDN. BHD. BY MBP SOLUTIONS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TFP FROM LMS TECHONOLOGY DISTRIBUTIONS SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM1.00 ONLY

The Board of Directors of TFP SOLUTIONS BERHAD (“TFP” or “the Company”) wishes to announce that MBP Solutions Sdn Bhd (Company No. 645486-P) (“MBP”), a wholly-owned subsidiary of the Company had on 24 October 2018, entered into a Shareholders Agreement with LMS Technology Distributions Sdn. Bhd. (Company No. 359251-P) (“LMS”) for the acquisition of 375,000 ordinary shares in Jejak Semangat Sdn. Bhd. (Company No. 1038785-D) (“JSSB”), representing 75% of the issued share capital of JSSB for a total consideration of RM1.00 (Ringgit Malaysia One) only from LMS (“Proposed Acquisition”).

 

Upon completion of the Proposed Acquisition, JSSB will become a 75% owned subsidiary of MBP and an indirect subsidiary of the Company.

 

Please refer to the attachment for further details.

 

This announcement is dated 24 October 2018.




Please refer attachment below.



Announcement Info

Company Name TFP SOLUTIONS BERHAD
Stock Name TFP
Date Announced 24 Oct 2018
Category General Announcement for PLC
Reference Number GA1-23102018-00014




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