MICROLINK SOLUTIONS BERHAD
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
|Description||MICROLINK SOLUTIONS BERHAD (“MSB” OR “COMPANY”)
JOINT VENTURE AND SHAREHOLDERS AGREEMENT BETWEEN MSB AND SCICOM (MSC) BERHAD
We refer to the Company’s announcements dated 22 July 2020 and 10 August 2020 pertaining to the Joint Venture and Shareholdersâ€™ Agreement between MSB and Scicom (MSC) Berhad (â€œSCICOMâ€). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the previous announcements.
The Board of Directors of the Company is pleased to announce that the transfer of 5,000 ordinary shares in Asian Contact Solutions Sdn Bhd (formerly known as Asian Contact Centres Sdn Bhd) (the â€œJVCâ€) by SCICOM to MSB at a price of RM1.00 per ordinary share for a total acquisition price of RM5,000.00 only has been completed on 21 October 2020.
Accordingly, the JVC is now a 50%-owned joint venture company of MSB.
This announcement is dated 21 October 2020.