Newsroom
25 Apr 2019
Termination Of Proposed Investment In Credit Culture Pte Ltd
 
Termination Of Proposed Investment In Credit Culture Pte Ltd 
 
Excerpt from Bursa Announcement of RCE Capital Berhad

The Board of Directors of RCE wishes to announce that RCE Credit, a wholly-owned subsidiary of RCE, has terminated the Subscription Agreement due to non-fulfilment of the conditions precedent provided therein.

Accordingly, the Call Option Agreements shall cease to be in force.

The termination of the Subscription Agreement and Call Option Agreements are not expected to have any material effect on the earnings per share and net assets per share of RCE for the financial year ending 31 March 2020.