TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS VERTICE BERHAD ("VERTICE" OR "THE COMPANY") PROPOSED DISPOSAL OF 40% EQUITY INTEREST IN KUMPULAN VOIR SDN BHD BY VERTICE TO DISTINCT SEASONS SDN BHD FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM9.0 MILLION

VERTICE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
VERTICE BERHAD ("VERTICE" OR "THE COMPANY")
PROPOSED DISPOSAL OF 40% EQUITY INTEREST IN KUMPULAN VOIR SDN BHD BY VERTICE TO DISTINCT SEASONS SDN BHD FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM9.0 MILLION

The Board of Directors of Vertice wishes to announce the Company had on 20 April 2022 entered into a Share Sale Agreement with Distinct Seasons Sdn Bhd ("Distinct Seasons") for the proposed disposal of 40% equity interest in Kumpulan Voir Sdn Bhd by Vertice to Distinct Seasons for a total cash consideration of approximately RM9.0 million, subject to the terms and conditions as set out in the Share Sale Agreement ("Proposed Disposal").

Please refer the attached document for further details on the Proposed Disposal.

This announcement is dated 20 April 2022.






Announcement Info

Company Name VERTICE BERHAD
Stock Name VERTICE
Date Announced 20 Apr 2022
Category General Announcement for PLC
Reference Number GA1-14042022-00045