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MEMORANDUM OF UNDERSTANDING HARRISONS HOLDINGS (MALAYSIA) BERHAD ("HARRISONS" OR "THE COMPANY") - SALES AND PURCHASE AGREEMENT ("SPA") BETWEEN FAMOUS FOOD COMPANY PTE LTD ("FFC") (COMPANY NO: 201813437M), AN INDIRECT SUBSIDIARY OF THE COMPANY, TO ACQUIRE ONE HUNDRED PERCENT (100%) EQUITY INTERESTS IN FAMOUS AMOS CHOCOLATE CHIP COOKIE SINGAPORE PTE LTD [UEN 198205269K] ("AMOS") ("PROPOSED TRANSACTION")

HARRISONS HOLDINGS (MALAYSIA) BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
HARRISONS HOLDINGS (MALAYSIA) BERHAD ("HARRISONS" OR "THE COMPANY")
- SALES AND PURCHASE AGREEMENT ("SPA") BETWEEN FAMOUS FOOD COMPANY PTE LTD ("FFC") (COMPANY NO: 201813437M), AN INDIRECT SUBSIDIARY OF THE COMPANY, TO ACQUIRE ONE HUNDRED PERCENT (100%) EQUITY INTERESTS IN FAMOUS AMOS CHOCOLATE CHIP COOKIE SINGAPORE PTE LTD [UEN 198205269K] ("AMOS") ("PROPOSED TRANSACTION")

Reference is made to the announcements dated 26 April 2018, 2 May 2018, 29 August 2018, 27 September 2018, 1 October 2018, and 8 October 2018 (“Earlier Announcements") in relation to the MOU and SPA. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the earlier announcements.

 

The Board of Directors of the Company wishes to announce that FFC has on 30 August 2021 purchased the remaining 160,000 of ordinary shares representing 20% equity interest at a consideration of SGD1,140,000 in AMOS based on the SPA and Shareholder Agreement dated 27 September 2018.

 

The effective equity interest in AMOS owned by the Company increases from 54.40% to 72.28% upon completion of the SPA.

 

This announcement is dated 30 August 2021.






Announcement Info

Company Name HARRISONS HOLDINGS (MALAYSIA) BERHAD
Stock Name HARISON
Date Announced 30 Aug 2021
Category General Announcement for PLC
Reference Number GA1-17082021-00071




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