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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GDB HOLDINGS BERHAD ("GDB" OR THE "COMPANY") - SHARE SALE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN ECO GEOTECHNICS SDN BHD

GDB HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GDB HOLDINGS BERHAD ("GDB" OR THE "COMPANY")
- SHARE SALE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN ECO GEOTECHNICS SDN BHD

The Board of Directors of the Company (“Board”) wishes to announce that GDB and its wholly-owned subsidiary, Grand Dynamic Builders Sdn Bhd (“Grand Dynamic”) (collectively referred to as “Purchasers” or the “Group”) had on 23 July 2019 entered into a Share Sale Agreement  with Goh Eng Ngai, Tan Loo Loo and Wong Choo Keong (collectively referred to as “Sellers”) (“SSA”) in relation to the proposed acquisition of 70% equity interest in Eco Geotechnics Sdn Bhd (Company No. 971293-X) (“EGSB” or the “Target Company”) on a pro rata basis from the Sellers for a total purchase consideration of RM5,964,000 (“Purchase Consideration”) (“Proposed Acquisition”).

 

Please refer to the attachment for further details of the SSA.

 

This announcement is dated 23 July 2019.




Please refer attachment below.



Announcement Info

Company Name GDB HOLDINGS BERHAD
Stock Name GDB
Date Announced 23 Jul 2019
Category General Announcement for PLC
Reference Number GA1-23072019-00078




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