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”)

HomeAnnouncements 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”)

Posted on November 2015 By Nova Hub No comments yet

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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