TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”) PROPOSED SUBSCRIPTION OF 12,500 NEW ORDINARY IN CNA DEVELOPMENT PTE LTD (“CNAD”) (“CNAD SHARES”) REPRESENTING 20.00% OF THE ISSUED SHARE CAPITAL IN CNAD FOR A CASH CONSIDERATION OF SINGAPORE DOLLAR (“SGD”) 2,000,000 (PROPOSED SUBSCRIPTION”)

NOVA MSC BERHAD
06 Nov 2015

The Board of Directors of NOVAMSC wishes to announce that the Company had, on 6 November 2015,entered into a conditional subscription agreement with CNAD for the proposed subscription of 12,500 new CNAD Shares representing 20.00% of the enlarged issued share capital in CNAD, a company incorporate in Singapore, for a cash consideration of SGD2,000,000 (equivalent to RM6,123,800 based on the exchange rate of SGD1.0000: MYR3.0619 as at 5 November 2015 quoted in the website of Bank Negara Malaysia).

Further details of the Proposed Subscription are set out in the attachment below.

This announcement is dated 6 November 2015.

Please refer attachment below.
Proposed Subscription-final.pdf

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