OCTAGON CONSOLIDATED BERHAD (497913 X)
24th Floor, UBN Tower, 10 Jalan P.Ramlee, 50250 Kuala Lumpur Malaysia
Tel : +60 3 2070 2133
Fax : +60 3 2070 3133
Email : octagon@octagon-consolidated.com
Contacts: Thong Fee Shen or Teh Kher Sin

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[ Back ]Dec 13, 2011

Date Announced : 13/12/2011  



Type : Announcement
Subject :
OTHERS

Description :
PROPOSED ISSUANCE OF 10 MILLION 8% REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.01 EACH (“RCPS”) IN GREEN ENERGY AND TECHNOLOGY SDN BHD (“GREENTECH”), A SUBSIDIARY OF OCTAGON CONSOLIDATED BERHAD (“OCTAGON”) TO KNM RENEWABLE ENERGY SDN BHD (“KNMRE”), A SUBSIDIARY OF KNM GROUP BERHAD (“KNM”) FOR A TOTAL CASH CONSIDERATION OF RM10 MILLION OR RM1.00 PER RCPS (“PROPOSED ISSUANCE”)

Announcement Details/Table Section :

We refer to the announcement dated 6 December 2011. Terms used herein shall have the same meaning referred to in the aforesaid announcement unless otherwise stated.

Further to the aforesaid announcement, the Board of Directors of Octagon is pleased to announce that all the conditions precedent in relation to the Proposed Issuance have been fulfilled today.

This announcement is dated 13 December 2011.