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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CAREPLUS GROUP BERHAD ("CAREPLUS" OR THE "COMPANY") ACQUISITION BY CAREPLUS OF THE REMAINING 317,122 ORDINARY SHARES IN CAREGLOVE GLOBAL SDN BHD ("CAREGLOVE") NOT ALREADY HELD BY CAREPLUS, REPRESENTING 49.9998% OF THE TOTAL NUMBER OF ISSUED SHARES OF CAREGLOVE FOR A CASH CONSIDERATION OF APPROXIMATELY RM24.0 MILLION ("ACQUISITION")

CAREPLUS GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
CAREPLUS GROUP BERHAD ("CAREPLUS" OR THE "COMPANY")

ACQUISITION BY CAREPLUS OF THE REMAINING 317,122 ORDINARY SHARES IN CAREGLOVE GLOBAL SDN BHD ("CAREGLOVE") NOT ALREADY HELD BY CAREPLUS, REPRESENTING 49.9998% OF THE TOTAL NUMBER OF ISSUED SHARES OF CAREGLOVE FOR A CASH CONSIDERATION OF APPROXIMATELY RM24.0 MILLION ("ACQUISITION")

We refer to the announcements dated 10 October 2019 and 9 December 2019 and the circular dated 13 November 2019 in relation to the Acquisition (“Circular”). The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Circular, where applicable.

 

On behalf of the Board, UOBKH is pleased to announce that the Parties had, on 12 February 2020, mutually agreed that the last instalment of the First Tranche amounting to RM2.88 million will be payable by Careplus to the Vendor on a deferred payment basis within 36 months from the Closing Date.

 

Pursuant thereto, the Vendor has delivered the share transfer documents of the last batch of the Sale Shares to Careplus, thus marking the completion of the Acquisition on 12 February 2020.

 

 

 

This announcement is dated 12 February 2020.






Announcement Info

Company Name CAREPLUS GROUP BERHAD
Stock Name CAREPLS
Date Announced 12 Feb 2020
Category General Announcement for PLC
Reference Number GA1-12022020-00043




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