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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LAMBO GROUP BERHAD ("LAMBO" or "the Company") INVESTMENT IN SINARAN ADVANCE GROUP BERHAD ("SINARAN")

LAMBO GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LAMBO GROUP BERHAD ("LAMBO" or "the Company")
INVESTMENT IN SINARAN ADVANCE GROUP BERHAD ("SINARAN")

The Board of Directors of LAMBO wishes to announce that the Company and its subsidiary, Oriented Media Holdings Limited (“OML"), had from the period 10 September 2021 to 1 October 2021 acquired 70,076,600 ordinary shares of SINARAN ADVANCE GROUP BERHAD (Formerly known as K-Star Sports Limited) (“SINARAN”), representing 9.96% of the issued and paid up capital of SINARAN for a total cash consideration of RM6,516,530 (“Consideration”) (“Investment”) from open market. 

 

Please refer to the attachment for further details of the Investment.

 

This announcement is dated 5 October 2021.




Please refer attachment below.



Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 05 Oct 2021
Category General Announcement for PLC
Reference Number GA1-05102021-00059


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