Nexgram to buy shares in Godynamic for RM18.53mil [The Star 21 Apr 15]

KUALA LUMPUR: Nexgram Holdings Bhd unit Nextnation Network Sdn Bhd has proposed to acquire an 18.6% in Godynamic Investments Ltd (GIL) for RM18.53mil.

The acquisition would increase Nextnation Network’s stake in GIL to 69.6% from 51% previously, Nexgram said in a filing with Bursa Malaysia.

The proposed acquisition would be funded entirely by the company’s internally available cash reserves and it would not have any effect on the issued and paid-up share capital of Nexgram and the shareholding of its substantial shareholders, it said. — Bernama