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On behalf of the Board of Directors of Bonia Corporation Berhad (“Board”), AmInvestment Bank Berhad (a member of the AmInvestment Bank Group) (“AmInvestment Bank”), wishes to announce that the Company had on 9 September 2010, entered into a conditional share sale agreement (“SSA”) for the proposed acquisition of 70% equity interest in Jeco for an aggregate total cash consideration of Singapore Dollars (“SGD”) 28.0 million (approximately RM65.0 million) (“Total Cash Consideration”) from Liao Tien Fook, Liao Tian Sze, Tan Ah Kiat, Liao Wang Leng and Liao Huanting Joan (collectively referred to as “Vendors”) (“Proposed Acquisition”).
Please refer to the attachment below for the full text of the announcement pertaining to the Proposed Acquisition. |
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