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M&A Securities Sdn Bhd announces proposed reverse take-over of Ideal Jacobs (Malaysia) Corporation Bhd by Cekap Technical Services and Mecip Global Engineers


Sunday, 15 Jun 2014 08:00pm EDT 

M&A Securities Sdn Bhd:Proposed reverse take-over of Ideal Jacobs (Malaysia) Corporation Bhd (IJACOBS) by Cekap Technical Services Sdn Bhd (CTSSB) and Mecip Global Engineers Sdn Bhd (MECIP).Says which entails IJACOBS or special purpose vehicle acquiring entire issued and paid-up share capital in CTSSB and MECIP from vendors of CTSSB and MECIP for purchase consideration to be determined later.Says consideration shall be satisfied by issuance of new ordinary shares at issue price of 0.25 Ringgit per share.Vendors of CTSSB are Md Nazir Bin Md Kassim and Sofiyan Bin Yahya.Vendors of MECIP are Ahmad Nazari Bin Ashari, Mohd Nor Bin Abd Basar, Ali Shastry @ Haslan Bin Husain and MECIP (M) Sdn Bhd. 

Company Quote

0.41
0.015 +3.80%
24 Oct 2014