Highlights

[MICROLN] Notice of Interest of Substantial Shareholders - RED ZONE DEVELOPMENT SDN BHD on 24-Dec-2014

Stock [MICROLN]: MICROLINK SOLUTIONS BHD
Announcement Date 24-Dec-2014

Substantial Shareholder's Particular:

Name RED ZONE DEVELOPMENT SDN BHD

Details of Changes:

Currency Malaysian Ringgit (MYR)

Date of Change Type Number of Shares
24-Dec-2014 Acquired 35,193,044

Nature of Interest Indirect
Shares Redeemable Preference Shares of RM0.01 each
Reason Pursuant to a Share Sale Agreement dated 12 June 2014 entered into between Omesti Berhad (formerly known as Formis Resources Berhad), Formis Holdings Bhd, Man Yau Holdings Berhad and Microlink Solutions Berhad (“MSB”) in relation to the disposal of :- 1) Applied Business Systems Sdn Bhd (100%); 2) Formis Systems & Technology Sdn Bhd (100%); 3) Formis Computer Services Sdn Bhd (100%); 4) First Solution Sdn Bhd (100%); and 5) Formis Advanced Systems Sdn Bhd (“60%”) for a total consideration of RM43,193,044.00 to be satisfied partly by RM8.0 million in cash and the balance via the issuance of 35,193,044 redeemable preference shares of RM0.01 each in MSB.

Total no of securities after change

Direct (units) 0
Direct (%) 0.00
Indirect (units) 35,193,044
Indirect (%) 100.00
Total (units) 35,193,044
Total (%) 100.00
Date of Notice 24-Dec-2014


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