TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS OCEANCASH PACIFIC BERHAD ("OCEANCASH" OR "COMPANY") PROPOSED ACQUISITION BY OCEANCASH OF 22,750,000 ORDINARY SHARES IN PARAGON CAR CARPETS & COMPONENTS SDN BHD ("PCCCSB"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON UNION BERHAD, REPRESENTING THE ENTIRE EQUITY INTEREST IN PCCCSB, FOR A PURCHASE CONSIDERATION OF RM13.42 MILLION (SUBJECT TO ADJUSTMENTS) TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")
| OCEANCASH PACIFIC BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | OCEANCASH PACIFIC BERHAD ("OCEANCASH" OR "COMPANY")
PROPOSED ACQUISITION BY OCEANCASH OF 22,750,000 ORDINARY SHARES IN PARAGON CAR CARPETS & COMPONENTS SDN BHD ("PCCCSB"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON UNION BERHAD, REPRESENTING THE ENTIRE EQUITY INTEREST IN PCCCSB, FOR A PURCHASE CONSIDERATION OF RM13.42 MILLION (SUBJECT TO ADJUSTMENTS) TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION") |
On behalf of the Board of Directors of the Company, TA Securities Holdings Berhad wishes to announce that the Company had on 10 September 2025 entered into a conditional share sale agreement with Paragon Union Berhad, to acquire 22,750,000 ordinary shares in PCCCSB, representing 100% equity interest in PCCCSB, for a purchase consideration of RM13.42 million (which is subject to adjustments) to be satisfied entirely in cash. Further details of the Proposed Acquisition are set out in the attachment. This announcement is dated 10 September 2025. |
|
Please refer attachment below.
Announcement Info
| Company Name | OCEANCASH PACIFIC BERHAD |
| Stock Name | OCNCASH |
| Date Announced | 10 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10092025-00031 |