| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
ACQUISITION OF SUBSIDIARY |
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INTRODUCTION The Board of Directors of Ekovest Berhad ("the Company") wishes to annoounce that the Company had on 19 October 2017 acquired the entire issued and paid-up share capital of KL Rivercity Sdn Bhd (formerly known as Ekovest Rivercity Sdn Bhd) at a total purchase consideration of Ringgit Malaysia: Two only (RM2.00). DETAILS OF KL RIVERCITY SDN BHD KL Rivercity Sdn Bhd ("KLRSB") was incorporated on 11 July 2014 as Ekovest Rivercity Sdn Bhd. It assumed its present name on 3 October 2017. KLRSB has an issued and paid-up share capital of RM2.00 and is currently dormant. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST Save for Tan Sri Datuk Seri Lim Keng Cheng, who is a director and shareholder in KLRSB, none of other directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect in the Acquisition. EFFECTS OF THE TRANSACTION The transaction does not have any effect on the share capital and/or substantial shareholders shareholdings and are not expected to have any material effect on the earnings per share, net assets per share and gearing of the Ekovest Berhad Group. APPROVAL REQUIRED The transaction does not require the approval of shareholders and/or other relevant authorities.
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 19 Oct 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18092017-00096 |