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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FOCUS DYNAMIC GROUP BERHAD ("FOCUS" or "the Company") - INVESTMENT IN TOP STANDARD CORPORATION ("TOP STANDARD") VIA PROPOSED SUBSCRIPTION OF 192 MILLION NEW SHARES AT HK$0.077 PER SUBSCRIPTION SHARES

FOCUS DYNAMICS GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
FOCUS DYNAMIC GROUP BERHAD ("FOCUS" or "the Company")
- INVESTMENT IN TOP STANDARD CORPORATION ("TOP STANDARD") VIA PROPOSED SUBSCRIPTION OF 192 MILLION NEW SHARES AT HK$0.077 PER SUBSCRIPTION SHARES

The Board of Directors of Focus wishes to announce that the Company had, on 13 October 2020 entered into a conditional subscription agreement with Top Standard in respect of the investment in via subscription of 192,000,000 new shares pursuant to the proposed General Mandate at a Subscription Price of HK$0.077 each per Subscription Share, for the total consideration of HK$14.78 million (approximately RM7.9 million) via its 100%-owned Hong Kong subsidiary, Focus Dynamic Group Limited, hereinafter referred to as the “Proposed Subscription”.

 

 Please refer to the full announcement as attached. 

 

 This announcement is dated 13 October 2020.




Please refer attachment below.



Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 13 Oct 2020
Category General Announcement for PLC
Reference Number GA1-13102020-00033




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