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MULTIPLE PROPOSALS COMINTEL CORPORATION BHD ("COMCORP" OR "COMPANY") I. PROPOSED DISPOSAL; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

COMINTEL CORPORATION BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
COMINTEL CORPORATION BHD ("COMCORP" OR "COMPANY")

I.	PROPOSED DISPOSAL; AND

II.	PROPOSED DIVERSIFICATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Comcorp (“Board”), Public Investment Bank Berhad (“PIVB”) wishes to announce that Comcorp proposes to undertake the following:

(i)         disposal of 100.00% equity interest in Comintel Sdn Bhd, Green Waste Management Sdn Bhd, Comintel (HK) Limited and Comintel Mobility Sdn Bhd, 80.00% equity interest in PT. Intelcom Indonesia and 50.60% equity interest in Comintel Green Technologies Sdn Bhd for an aggregate cash consideration of RM100,000.00 (“Proposed Disposal”); and

(ii)        diversification of the existing business activities of the Company and its subsidiaries to include construction related businesses (“Proposed Diversification”).

(The Proposed Disposal and Proposed Diversification are collectively referred to as the “Proposals”).

Please refer to the attachment for further details on the Proposals.

 

This announcement is dated 15 September 2021.




Please refer attachment below.

Attachments

Final Announcement.pdf
824.8 kB



Announcement Info

Company Name COMINTEL CORPORATION BHD
Stock Name COMCORP
Date Announced 15 Sep 2021
Category General Announcement for PLC
Reference Number GA1-15092021-00078




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