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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FOCUS DYNAMICS 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 ("PROPOSED SUBSCRIPTION")

FOCUS DYNAMICS GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
FOCUS DYNAMICS 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 ("PROPOSED SUBSCRIPTION")

We refer to the announcements dated 13 October 2020 and 16 October 2020 in relation to the Investment in Top Standard via Proposed Subscription. Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as defined in the earlier announcement made.

 

In connection thereto, the Company wishes to provide the following additional information:

 

The Company will transfer the lump sum of HK$14.78 million (approximately RM7.9 million) to Top Standard upon completion of the subscription.

 

This announcement is dated 20 October 2020.






Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 20 Oct 2020
Category General Announcement for PLC
Reference Number GA1-20102020-00112




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