MEGB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | MASTERSKILL EDUCATION GROUP BERHAD |
| Stock Name | MEGB |
| Date Announced | 31 Mar 2014 |
| Category | General Announcement |
| Reference No | CM-140328-63007 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) - Agreement between MEGB and Ye XiaoQuan and Wu MinYing |
MEGB wishes to announce that MEGB had on 28 March 2014 entered into an Agreement (“Agreement”) with Ye XiaoQuan (“Ye”) and Wu MinYing (“Wu”) (“collectively referred to as “Sellers”) for the acquisition of a total of 118,000,000 (104,520,000 and 13,480,000 from Ye and Wu respectively) ordinary shares of HKD0.0010 each (“Sale Shares”) in the share capital of Gayety Holdings Limited (“Gayety”) at HKD0.40 per Sale Share (“Sale Price”) amounting to an aggregate consideration of approximately HKD47,200,000.00 (equivalent to RM19,982,134 at the prevailing exchange rate of RM1.00 to HKD2.36211 being the average of the bank’s purchase and sale rate of the banknotes) (“Purchase Consideration”). Please refer to the attachment for further details. This announcement is dated 31 March 2014. | |
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