23 Dec 2009
Disposal of Equity Interest
Author: admin | Filed under: Announcement
| Submitting Merchant Bank |
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HWANGDBS INVESTMENT BANK BERHAD |
| Company Name |
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MESB BERHAD |
| Stock Name |
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MESB |
| Date Announced |
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23/12/2009 |
| Type |
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Announcement |
| Subject |
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MESB BERHAD (“MESB”)
DISPOSAL OF 80% EQUITY INTEREST IN A.D. TRENDS SDN BHD |
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| Contents |
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| We refer to our announcement dated 28 October 2009.On behalf of the Board of Directors of MESB, HwangDBS Investment Bank Berhad wishes to announce that Miroza Leather (M) Sdn Bhd (“Miroza”), a wholly-owned subsidiary of MESB, has granted an extension of time up to 31 December 2009 for Target Fashion Sdn Bhd (“Purchaser”) to pay the balance sale consideration of RM10.08 million, in accordance with the sale and purchase of shares agreement dated 28 August 2009 entered into between Miroza and the Purchaser for the disposal of 80% equity interest in A.D. Trends Sdn Bhd.
This announcement is dated 23 December 2009. |
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