Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS Description DIVERSIFIED GATEWAY SOLUTIONS BERHAD ("DGSB" OR "COMPANY")
PROPOSED INVESTMENT; AND PROPOSED DIVERSIFICATION
(COLLECTIVELY, THE "PROPOSALS") Unless otherwise defined, the abbreviated terms used herein shall be the same as those used in the earlier announcements in relation to the Proposals.
On behalf of the Board, M&A wishes to announce that the Vendors and PSSB have mutually agreed to terminate the SSSA dated 29 October 2020, by way of a termination agreement dated 30 July 2021.
The Board (save for the interested Directors), after having considered all aspects of the continuing Covid-19 uncertainties and the changing business conditions in the glove manufacturing industry, is of the opinion that proceeding with the Proposals may not meet the rationale for the Proposals as set out in our EGM Circular dated 5 April 2021, which is an interim proposal towards regularising DGSB’s condition as an affected listed corporation (“ALC”) pursuant to Rule 8.03A (3)b of the Listing Requirements.
Nonetheless, the Board will continue to evaluate other avenues to formulate a regularisation plan for DGSB in relation to being classified as an ALC pursuant to Rule 8.03A of the Listing Requirements.
The Ghost gets its sources from the grave, right where it all started. Even before the news comes out. You believe, you stay on earth, if you don't come visit me at Level -16.8. I welcome and show you your truth.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....