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.
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