RReference is made to the Company's announcement made on 22
November 2018.
The Board of Directors of Sino, wishes to announce that the Company had on 3 April 2019
entered into the following agreements:
(i) a Subscription Agreement with Ng Chee Seng and Amirrudin Bin Yahaya and TPI for the
proposed subscription of 25,628 new ordinary shares in TPI, representing 20.4% of the
entire enlarged issued, fully diluted and paid up share capital of TPI at a total cash
consideration of RM4.0 million;
(ii) a Share Purchase Agreement with Ng Chee Seng and Amirrudin Bin Yahaya for the
proposed acquisition of 38,442 ordinary shares, representing 30.6% of the entire
enlarged issued, fully diluted and paid up share capital of TPI (after the enlarged
share capital of TPI pursuant to the SA) at a total cash consideration of RM6.0 million;
and
(iii) Shareholders’ Agreement with Ng Chee Seng and Amirrudin Bin Yahaya and TPI to
govern the rights, liabilities and obligations of the shareholders vis-à-vis each other
in relation to the management and operation of TPI.
Please refer to the attachment for details of the announcement.
This announcement is dated 3 April 2019.
