TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GHL SYSTEMS BERHAD ("GHL" OR "THE COMPANY") - PROPOSED ACQUISITION AND SUBSCRIPTION OF UP TO 51% EQUITY INTEREST IN SPEED PAY PLC, BY GHL ASIA PACIFIC LIMITED, A WHOLLY-OWNED SUBSIDIARY OF GHL ("GHL ASIA PACIFIC")

GHL SYSTEMS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
GHL SYSTEMS BERHAD ("GHL" OR "THE COMPANY")
- PROPOSED ACQUISITION AND SUBSCRIPTION OF UP TO 51% EQUITY INTEREST IN SPEED PAY PLC, BY GHL ASIA PACIFIC LIMITED, A WHOLLY-OWNED SUBSIDIARY OF GHL ("GHL ASIA PACIFIC")

The Board of GHL wishes to announce that GHL Asia Pacific had entered into a conditional share purchase and subscription agreement with Lim Sambat, Da Sopheak and Speed Pay PLC ("Speed Pay"), to acquire and subscribe up to 51% of equity interest in Speed Pay, for a total purchase consideration of USD2.04 million.

 

Kindly refer to the attachement for further details.

 

This announcement is dated 29 November 2018.


Please refer attachment below.


Announcement Info

Company Name GHL SYSTEMS BERHAD
Stock Name GHLSYS
Date Announced 29 Nov 2018
Category General Announcement for PLC
Reference Number GA1-27112018-00050