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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TFP SOLUTIONS BERHAD ("COMPANY") ACQUISITION

TFP SOLUTIONS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TFP SOLUTIONS BERHAD ("COMPANY")

ACQUISITION

We refer to the announcements made on 23 April 2021, 30 April 2021, 24 May 2021, 11 June 2021, 14 June 2021, 23 June 2021, 22 July 2021, 3 September 2021 and 23 September 2021 in relation to the Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that the Company and the Vendors had on 27 October 2021 mutually agreed not to proceed with the SSA. The Company will instead focus in growing the business of One Gold Sdn Bhd (“OneGold”) together with AIAB.  OneGold is a joint venture company between the Company and ACE Capital Growth Sdn Bhd (“ACE Capital”) whereby the Company has 60% equity interest and ACE Capital has 40% equity interest in OneGold. ACE Capital is a wholly-owned subsidiary of AIAB.

 

This announcement is dated 27 October 2021.






Announcement Info

Company Name TFP SOLUTIONS BERHAD
Stock Name TFP
Date Announced 27 Oct 2021
Category General Announcement for PLC
Reference Number GA1-26102021-00083




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