to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date
15 Jun 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
01 Jun 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SHARE SALE AGREEMENT IN RESPECT OF PROPOSED ACQUISITION OF SHARES IN ENRICH PLATINUM SDN. BHD.
The Board of Directors of ECSB wishes to announce that the Company has, on 26 July 2017, entered into a Share Sale Agreement (“SSA”) dated 26 July 2017 with Dato’ Teo Chiang Quan (the “Vendor”) to acquire 1,000,000 ordinary shares in Enrich Platinum Sdn. Bhd. (“EP”), representing 50% of the total issued share capital of EP (“Sale Shares”), for a total purchase consideration of RM12,170,000/- (the “Purchase Consideration”) (the “Proposed Acquisition”).
Please refer to the attachment for the full text of the announcement.
Reply to Bursa Malaysia's Query Letter - Reference ID
IQL-28072017-00001
Subject
SHARE SALE AGREEMENT IN RESPECT OF PROPOSED ACQUISITION OF SHARES IN ENRICH PLATINUM SDN. BHD. ("EP") ("PROPOSED ACQUISITION")
Description
REPLY TO QUERIES FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 28 JULY 2017
Query Letter Contents
We refer to your Company’s announcement dated 26 July 2017, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The total amount transacted with Mr. Foo Sen Chin for the preceding 12 months.
2. The additional specific information as per Part C, Appendix 10A.
3. The net profits and net asset of EP based on its audited financial statements for financial year ended 31 December 2016.
4. The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by ECSB, arising from the Proposed Acquisition.
5. The sources of funding for the purchase consideration, and the breakdown.
6. The original cost of investment of the Vendor in the Sale Shares, and the date of such investment.
7. A statement setting out whether the audit committee of ECSB is of the view that the transaction is:-
(a) in the best interest of ECSB;
(b) fair, reasonable and on normal commercial terms; and
(c) not detrimental to the interest of the minority shareholders,
together with the basis for its views;
With reference to Bursa Securities' query letter dated 28 July 2017, kindly refer to the attached file for the Company's reply.This Announcement is dated 31 July 2017.
Reply to Bursa Malaysia's Query Letter - Reference ID
IQL-28072017-00001
Subject
SHARE SALE AGREEMENT IN RESPECT OF PROPOSED ACQUISITION OF SHARES IN ENRICH PLATINUM SDN. BHD. ("EP") ("PROPOSED ACQUISITION")
Description
REPLY TO QUERIES FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 28 JULY 2017
Query Letter Contents
We refer to your Company’s announcement dated 26 July 2017, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The total amount transacted with Mr. Foo Sen Chin for the preceding 12 months.
2. The additional specific information as per Part C, Appendix 10A.
3. The net profits and net asset of EP based on its audited financial statements for financial year ended 31 December 2016.
4. The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by ECSB, arising from the Proposed Acquisition.
5. The sources of funding for the purchase consideration, and the breakdown.
6. The original cost of investment of the Vendor in the Sale Shares, and the date of such investment.
7. A statement setting out whether the audit committee of ECSB is of the view that the transaction is:-
(a) in the best interest of ECSB;
(b) fair, reasonable and on normal commercial terms; and
(c) not detrimental to the interest of the minority shareholders,
together with the basis for its views;
With reference to Bursa Securities' query letter dated 28 July 2017, kindly refer to the attached file for the Company's reply.This Announcement is dated 2 August 2017.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SHARE SALE AGREEMENT IN RESPECT OF PROPOSED ACQUISITION OF SHARES IN ENRICH PLATINUM SDN. BHD.
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the announcements announced by the Company on 26 July 2017, 31 July 2017, 2 August 2017 and 23 August 2017.
The Board of Directors of ECSB wishes to announce that the Proposed Acquisition has been completed on 12 September 2017 upon the execution of the Form of Transfer of Securities.
Upon completion of the above, EP becomes a 50%-owned associate company of ECSB. The remaining 50% equity interest in EP is held by Mr. Foo Sen Chin.