TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ASTRO MALAYSIA HOLDINGS BERHAD (“THE COMPANY”) PROPOSED JOINT VENTURE WITH GRUP MAJALAH KARANGKRAF SDN BHD (“GMK”) IN RESPECT OF ASTRO DIGITAL SDN BHD’S (“ADSB”) PROPOSED INVESTMENT INTO GMK’S WHOLLY-OWNED SUBSIDIARY, NU IDEAKTIV SDN BHD (FORMERLY KNOWN AS KARANGKRAF DIGITAL 360 SDN BHD) (“NISB”)
ASTRO MALAYSIA HOLDINGS BERHAD
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON-RELATED PARTY TRANSACTIONS |
| Description | ASTRO MALAYSIA HOLDINGS BERHAD (“THE COMPANY”)
PROPOSED JOINT VENTURE WITH GRUP MAJALAH KARANGKRAF SDN BHD (“GMK”) IN RESPECT OF ASTRO DIGITAL SDN BHD’S (“ADSB”) PROPOSED INVESTMENT INTO GMK’S WHOLLY-OWNED SUBSIDIARY, NU IDEAKTIV SDN BHD (FORMERLY KNOWN AS KARANGKRAF DIGITAL 360 SDN BHD) (“NISB”) |
We refer to the announcements dated 6 December 2017 and 8 February 2018 in relation to the Proposed Joint Venture.
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in our earlier announcements.
We wish to announce that the Proposed Joint Venture has become unconditional and has been completed on 2 May 2018 in accordance with the terms of the JVA. Following the completion of the Proposed Joint Venture, NISB is a 51%-held indirect subsidiary of the Company.
This announcement is dated 2 May 2018.
Source: Bursa Malaysia
