OTHERS WINTONI GROUP BERHAD (“WINTONI” OR “THE COMPANY”) ACQUISITION OF TEAMPIXEL SDN. BHD (“TSB”)
TYPE : ANNOUNCEMENT
SUBJECT : WINTONI GROUP BERHAD (“WINTONI ” OR “ THE COMPANY”) ACQUISITION OF A SUBSIDIARY IN MALAYSIA
The Board of Directors of Wintoni Group Berhad (“Wintoni” or “the Company”) wishes to announce that the Company has on 29 October 2019 completed the acquisition of 1 ordinary share in Teampixel Sdn Bhd (“TSB”) representing 100% equity interest in TSB for a cash consideration of RM1.00 (“Acquisition”). Upon completion of the Acquisition, TSB will be a subsidiary of Wintoni.
2.INFORMATION ON SUBSIDIARY
Name of Subsidiary : Teampixel Sdn Bhd [Registration No: 201901024209 (1333538-X)]
Country of Incorporation : Malaysia
Issued Share Capital : RM1
Intended Principal Activities : ICT Software Trading, Consultancy, Sales & Marketing
3.FINANCIAL EFFECTS OF THE ACQUISITION
The Acquisition will not have any material effect on the earnings per share and net assets per share of the Company for the financial year ending 31 December 2019.
There is no impact on the share capital and substantial shareholders’ shareholdings in the Company as the Acquisition is a cash transaction.
4.DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST
None of the Directors and/or substantial shareholders of Wintoni and/or persons connected to them have any interest, direct or indirect, in the Acquisition.