Proposed Disposal of Certain Subsidiaries of Reliance Pacific Berhad For A Sale Consideration Of RM52.23 Million

BackJan 24, 2011
Date Announced
:
 24/01/2011  




Type
:
 Announcement
Subject
:
RELIANCE PACIFIC BERHAD (“RPB” OR “THE COMPANY”)

PROPOSED DISPOSAL OF CERTAIN SUBSIDIARIES OF RELIANCE PACIFIC BERHAD FOR A SALE CONSIDERATION OF RM52.23 MILLION

Contents
:
On behalf of the Board of Directors of RPB, OSK Investment Bank Berhad wishes to announce that the Company has on 24 January 2011, entered into a conditional share sale agreement with Alpha Vantage Sdn. Bhd. (formerly known as Superlative Achievement Sdn Bhd) (Company No. 926415M) for the disposal of its entire equity interest in certain subsidiaries of the travel division for an aggregate cash consideration of RM52.23 million (“Proposed Disposal”).

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

This announcement is dated 24 January 2011.

Attachments

  1. RPB240111.pdf (Size: 124,340 bytes)
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