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Multiple Proposals

BackJul 10, 2018
Type Announcement
Subject MULTIPLE PROPOSALS
Description

IDEAL JACOBS (MALAYSIA) CORPORATION BHD ("IDEAL JACOBS" OR "COMPANY") (I) ACQUISITION; (II) DISPOSAL; (III) PLACEMENT; (IV) FREE WARRANTS; AND (V) AMENDMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

 

We refer to the announcements dated 5 June 2017, 14 June 2017, 20 July 2017, 18 August 2017, 28 September 2017, 13 December 2017, 4 January 2018, 29 January 2018, 12 February 2018, 24 May 2018, 31 May 2018, 25 June 2018, 2 July 2018 and 9 July 2018 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply in this announcement.

On behalf of the Board, Kenanga IB is pleased to announce that the Acquisition, the Disposal and the Placement have been completed on 10 July 2018.

Following the completion of the Disposal and the Acquisition, as at the date of this announcement,

(a) Widad Builders Sdn Bhd is a subsidiary of Ideal Jacobs; and

(b) Ideal Jacobs (HK) Corporation Ltd, Ideal Jacobs (Xiamen) Corporation, Xiamen Ideal Jacobs International Ltd Company and Suzhou Ideal Jacobs Corporation will cease to be subsidiaries of Ideal Jacobs.

This announcement is dated 10 July 2018.

 

 

 


Announcement Info

Company Name IDEAL JACOBS (MALAYSIA) CORPORATION BHD
Stock Name IJACOBS
Date Announced 10 Jul 2018
Category General Announcement for PLC
Reference Number GA1-06072018-00082