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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES POWER ROOT BERHAD ("POWER ROOT" OR THE "COMPANY") PROPOSED ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN THE FOLLOWING SUBSIDIARY COMPANIES OF POWER ROOT TO WONG TAK KEONG: - POWER ROOT DISTRIBUTOR SDN BHD; - ALICAFE ROASTERS SDN BHD; - POWER ROOT HK-CHINA COMPANY LIMITED; AND - SUPERWRAPZ INTERNATIONAL SDN BHD; (COLLECTIVELY, THE "PROPOSED SHARES ALLOTMENT")

POWER ROOT BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
POWER ROOT BERHAD ("POWER ROOT" OR THE "COMPANY")

PROPOSED ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN THE FOLLOWING SUBSIDIARY COMPANIES OF POWER ROOT TO WONG TAK KEONG:

- POWER ROOT DISTRIBUTOR SDN BHD;
- ALICAFE ROASTERS SDN BHD;
- POWER ROOT HK-CHINA COMPANY LIMITED; AND
- SUPERWRAPZ INTERNATIONAL SDN BHD;

(COLLECTIVELY, THE "PROPOSED SHARES ALLOTMENT")
Reference is made to the Company's announcement dated 31 January 2020 in relation to the Proposed Shares Allotment (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board of Directors of Power Root, TA Securities Holdings Berhad is pleased to announce that the Proposed Shares Allotment has been completed following the completion of the following:

(i)           the Subscription Agreement in respect of the subscription shares in Power Root HK-China Company Limited on 20 March 2020;

(ii)          the Subscription Agreement in respect of the subscription shares in Superwrapz International Sdn Bhd on 4 June 2020;

(iii)         the Subscription Agreements in respect of the subscription shares in Power Root Distributor Sdn Bhd and Alicafe Roasters Sdn Bhd on 15 June 2020.

This announcement is dated 15 June 2020.





Announcement Info

Company Name POWER ROOT BERHAD
Stock Name PWROOT
Date Announced 15 Jun 2020
Category General Announcement for PLC
Reference Number GA1-15062020-00111




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