OCNCASH

0.115

-0.005 (-4.2%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS OCEANCASH PACIFIC BERHAD ("OCEANCASH" OR "COMPANY") 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 ("ACQUISITION")

OCEANCASH PACIFIC BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
OCEANCASH PACIFIC BERHAD ("OCEANCASH" OR "COMPANY")

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 ("ACQUISITION")

We refer to the announcements dated 10 September 2025, 16 October 2025, 26 November 2025, 9 June 2026 and 22 July 2026 in relation to the Acquisition ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that the Acquisition has been completed following the fulfilment of the respective completion obligations by the parties, including the full payment of the Second Tranche Balance Purchase Price by the Company, pursuant to the SSA and PCCCSB has become a wholly-owned subsidiary of the Company on 3 September 2026.

 

This announcement is dated 3 September 2026.



Announcement Info

Company Name OCEANCASH PACIFIC BERHAD
Stock Name OCNCASH
Date Announced 03 Sep 2026
Category General Announcement for PLC
Reference Number GA1-03092026-00025


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