Subscription and Shareholders' Agreement Between TC Capital Resources Sdn Bhd and TCCL Sdn Bhd, Both Wholly-owned Subsidiaries Of Tan Chong Motor holdings Berhad, With Warisan TC Holdings Berhad And Muv Marketplace Sdn Bhd
| Type | Announcement |
| Subject | OTHERS |
| Description |
SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT BETWEEN TC CAPITAL RESOURCES SDN BHD AND TCCL SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF TAN CHONG MOTOR HOLDINGS BERHAD, WITH WARISAN TC HOLDINGS BERHAD AND MUV MARKETPLACE SDN BHD |
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The Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") wishes to announce that TC Capital Resources Sdn Bhd ("TCCR") and TCCL Sdn Bhd ("TCCL"), both wholly-owned subsidiaries of TCMH, had on 29 May 2020 entered into a Subscription and Shareholders' Agreement ("Agreement") with Warisan TC Holdings Berhad ("WTCH") and MUV Marketplace Sdn Bhd ("MUV"), a wholly-owned subsidiary of WTCH, for TCCR and TCCL to regulate the relationship of the parties as shareholders through equity participation by TCCR and TCCL in MUV ("Proposed Subscription"). Please refer to the attachment for details. This announcement is dated 29 May 2020. |
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Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 29 May 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28052020-00105 |
Attachments
- TCMH-Announcement_290520.pdf (Size: 69,458 bytes)