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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NETX HOLDINGS BERHAD - DISPOSAL OF SHARES IN MLABS SYSTEMS BERHAD

NETX HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
NETX HOLDINGS BERHAD 
-  DISPOSAL OF SHARES IN MLABS SYSTEMS BERHAD

The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to announce that First United Technology Ltd (“FUTL”), a subsidiary of the Company, had from the period between 16 December 2020 to 31 December 2020 disposed to the open market an aggregate of 59,828,250 ordinary shares in MLabs Systems Berhad (“MLabs”), representing approximately 6.60% of the total issued and paid up share capital of MLabs for a total consideration of approximately RM5,016,318 (“Consideration”) (“Disposal of Shares”).

 

Further details of the Disposal of Shares are set out in the attachment herein.

 

This announcement is dated 4 January 2021.




Please refer attachment below.



Announcement Info

Company Name NETX HOLDINGS BERHAD
Stock Name NETX
Date Announced 04 Jan 2021
Category General Announcement for PLC
Reference Number GA1-04012021-00081




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