25 Feb 2019 09:45
GLOBAL INVACOM GROUP LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No. 200202428H)
APPOINTMENT OF FINANCIAL ADVISER FOR THE PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF TACTILIS SDN BHD
Unless otherwise defined, capitalised terms used in this Announcement shall have the same meaning
ascribed to them in the announcements dated 24 October 2018 and 31 October 2018.
1. APPOINTMENT OF FINANCIAL ADVISER
The Board of Directors ("Board" or "Directors") of Global Invacom Group Limited ("Company") together with its subsidiaries ("Group") wishes to announce that the Group has appointed CEL Impetus Corporate Finance Pte Ltd as its financial adviser, to advise on the proposed acquisition by the Company of the entire issued share capital of Tactilis Sdn. Bhd.
This appointment is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Group.
2. CAUTION IN TRADING
Shareholders and potential investors are advised to exercise caution in trading the Shares as there is no certainty or assurance as at the date of this Announcement that the Proposed Acquisition, Proposed Target Convertible Notes Subscription and/or Proposed RCN Issuance will be completed.
Shareholders are advised to read this Announcement and any past or further announcements by the Company carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions that they should take.
BY ORDER OF THE BOARD
Anthony Brian Taylor
Executive Chairman
25 February 2019