Execution of Share Sale Agreement (SSA) dated 3 June 2016 between Paramount Spring Sdn Bhd and Sime Darby Nominees Sendirian Berhad. The acquisition has not been completed yet.
The SSA provides for a completion period of three (3) months extendable, by one (1) month.
Deemed interest by virtue of Section 6A(4) of the Companies Act, 1965 held through Paramount Spring Sdn Bhd, a wholly-owned subsidiary of Summerchrome Sdn Bhd.