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OTHERS TOPVISION EYE SPECIALIST BERHAD (TOPVISION OR COMPANY) LAND ACQUISITIONS AND ESTABLISHMENT OF TOPVISION INTERNATIONAL EYE SPECIALIST CENTER ("TVIESC")

TOPVISION EYE SPECIALIST BERHAD

Type Announcement
Subject OTHERS
Description
TOPVISION EYE SPECIALIST BERHAD (TOPVISION OR COMPANY)
LAND ACQUISITIONS AND ESTABLISHMENT OF TOPVISION INTERNATIONAL EYE SPECIALIST CENTER ("TVIESC")

We refer to the Circular to shareholders in relation to the Land Acquisitions and Establishment of TVIESC (“Proposals”) dated 14 February 2019 whereby the Board had expressed its intent to increase the share capital of TopVision International Eye Specialist Centre Sdn Bhd (“TVIESCSB”) to RM5.00 million from the proceeds from our initial public offering, and procure the balance funding requirements for the purchase of the Lands and the completion of TVIESC by way of debt funding.

 

The Company had on 20 March 2019 capitalised RM5.00 million as issued share capital of TVIESCSB. TVIESCSB had also accepted bank financing amounting to RM10.00 million to part finance the balance of the purchase price for the Lands as well as the completion of TVIESC. Any shortfall in the completion cost of TVIESC will be financed via internally generated funds.

 

This announcement is dated 20 March 2019.






Announcement Info

Company Name TOPVISION EYE SPECIALIST BERHAD
Stock Name TOPVISN
Date Announced 20 Mar 2019
Category General Announcement for PLC
Reference Number GA1-19032019-00111




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