TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MY E.G. Services Berhad ("the Company") - Shareholders Agreement executed by MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company - Subscription of 50,000 shares in Essential Reviews Sdn. Bhd. by MY E.G. Capital Sdn. Bhd. - Acquisition of 75,000 shares in Essential Reviews Sdn. Bhd. by MY E.G. Capital Sdn. Bhd.

MY E.G. SERVICES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
MY E.G. Services Berhad ("the Company")
-	Shareholders Agreement executed by MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company
-	Subscription of 50,000 shares in Essential Reviews Sdn. Bhd. by MY E.G. Capital Sdn. Bhd.
-	Acquisition of 75,000 shares in Essential Reviews Sdn. Bhd. by MY E.G. Capital Sdn. Bhd.

The Board of Directors of the Company wishes to announce that MY E.G. Capital Sdn. Bhd. (“MYEG Capital”), a wholly-owned subsidiary of the Company had on 19 May 2017 entered into a Shareholders Agreement with Sean Cornelius Yoong Wan Yen (NRIC No. 760122-04-5349) (“Sean”) and Essential Reviews Sdn. Bhd. (Company No. 1225923-X) (“Essential Reviews”) (“the Agreement”) to subscribe for 50,000 shares and further purchase 75,000 shares from Sean, collectively representing approximately 67% of the issued and paid-up shares of Essential Reviews, for a total consideration of Ringgit Malaysia One Million Two Hundred and Fifty Thousand (RM1,250,000) only, pursuant to the terms and conditions as set out in the Agreement.

Please refer to the attachement for further details.

This announcement is dated 19 May 2017.

 


Please refer attachment below.


Announcement Info

Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 19 May 2017
Category General Announcement for PLC
Reference Number GA1-15052017-00011