General announcement
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS
COMPLETION OF THE SHARE SALE AGREEMENT DATED 19 JULY 2024 ENTERED INTO BETWEEN KUMPULAN IKRAM SDN BHD, A WHOLLY OWNED SUBSIDIARY OF PROTASCO BERHAD, AND STAR TEENAGERS INTERNATIONAL SDN BHD IN RESPECT OF THE SHARES IN IKRAM EDUCATION SDN BHD AND THE SUPPLEMENTAL AGREEMENT THERETO DATED 9 JANUARY 2025
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Unless otherwise defined herein, all capitalised terms used herein shall have the same meaning as those used in Protasco’s announcements dated 21 July 2024 and 10 January 2025.
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1. INTRODUCTION
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Reference is made to the announcements dated 2 May 2024, 21 July 2024, 10 January 2025 and 19 March 2025 in relation to the Share Sale Agreement dated 19 July 2024 between Kumpulan Ikram Sdn Bhd (“KISB”) and Star Teenagers International Sdn Bhd (“STISB”) in respect of the ordinary shares in Ikram Education Sdn Bhd (“IESB”) (“SSA”) and the Supplemental Agreement to the SSA dated 9 January 2025 between KISB and STISB.
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2. COMPLETION
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The Board wishes to announce that the completion of the disposal of the 18,000,000 ordinary shares in IESB took place on 25 April 2025.
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GA1-25042025-00056