Connectcounty Holdings Bhd completed the acquisition of 51% stake in MyGenBizz Bhd from Tan See Kuy.
The transaction is subject to the results of the legal and financial due diligence, approval by Board of Connectcounty and the approvals, consents, authorisations, permits or waivers of any other authorities and any other third parties. The transaction is expected to be completed in two weeks. The acquisition will not have any effect on the issued and paid-up capital, net assets and gearing of Connectcounty and is expected to generate positive earning for the year ended December 31, 2014.
Connectcounty Holdings Bhd (KLSE:CONNECT) completed the acquisition of 51% stake in MyGenBizz Bhd from Tan See Kuy on January 24, 2014.