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% 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% 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
13 Nov 2015

The terms used herein has the same meaning as those defined in the announcement made on 6 November 2015.

We refer to our announcement made on 6 November 2015 in relation to the Proposed Subscription.

The Board of Directors of NOVAMSC wishes to further announce that the proforma effect of the Proposed Subscription to the shareholding structure of CNAD based on the shareholding structure of CNAD as at the LPD are as follow:

As at the LPD After the Proposed Subscription
No. of CNAD Shares % No. of CNAD Shares %
Michael Ong Liang Huat 18,750 37.50 18,750 30.00
Stone Villa Limited 31,250 62.50 31,250 50.00
Nova MSC Berhad – – 12,500 20.00

This announcement is dated 13 November 2015

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