[PMCORP] Share Resale/Cancellation (Immediate) on 09-Mar-2022

Stock
[PMCORP]: PAN MALAYSIA CORPORATION BHD
Announcement Date
09-Mar-2022
Date
Number of Cancelled Shares
63,112,500
Currency
MYR
Price (per shares)
0.000 - 0.000
Total Amount
0.00
Total Treasury Shares
1,847,300
Remark
The transfer of 63,112,500 treasury shares of the Company at a transfer price of RM0.15 was made pursuant to the sale and purchase agreement entered between the Company and Inter Mark Resources Sdn Bhd as part of the total purchase consideration of RM21,037,500 to acquire 31,620,000 ordinary shares representing 51% of the total issued share capital of A & W (Malaysia) Sdn Bhd ("Proposed A&W Acquisition"). The details of the Proposed A&W Acquisition are set out in the Company's announcements dated 23 September 2021, 27 September 2021 and 1 March 2022.
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