now i m looking that guy inikalilah,last 2 weeks he keep say eti will up n up,now share.huge drop this guy missing already

after nov expired date cg become useless paper?

cg will expire date on november-2013,is too risk buy cg now?

inikalilah,this time can i trust you??????

inikalilah,last 2 week i listen your tips buy etitech,now i lose so much until bankrupt

inikalilah,u keep asking ppls buy,u got buy?

newb,really give one to one bonus?when?

if eti go PN17,share price will drop to 3cents or lower

stil can drop,eti should drop below 4cents

next week i predict eti....4cents

Kamaru, is good news or bad news?

Musyarakah Equity Venture Sdn Bhd, anyone know this company? is good news to ETI or bad news?

Company Name ETI TECH CORPORATION BERHAD
Stock Name ETITECH
Date Announced 28 Jun 2013
Category General Announcement
Reference No CC-130628-63589

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description ETI TECH CORPORATION BERHAD (“ETITECH” OR “THE COMPANY”)

PROPOSED DISPOSAL OF A WHOLLY-OWNED INDIRECT SUBSIDIARY TO MUSYARAKAH EQUITY VENTURE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM5,878,000.00
1. INTRODUCTION

The Board of Directors of ETITECH (“Board”) wishes to announce that ETI Tech (M) Sdn Bhd (Company No. 587980-M) (“ETI-M”), a wholly-owned subsidiary of the Company, had, on 28 June 2013, entered into a conditional Sale and Purchase of Shares Agreement (“SPA”) with Musyarakah Equity Venture Sdn Bhd (Company No. 1042208-P) ("MEV" or “Purchaser”) to dispose of its entire equity interest held in Power Mac Sdn Bhd (Company No. 685158-D) (“Power Mac”)(“Proposed Disposal”) for a total cash consideration of RM5,878,000.00 upon such terms and conditions as set out in the SPA.


2. DETAILS OF THE PROPOSED DISPOSAL

2.1 Information on Power Mac

Power Mac was incorporated on 21 March 2005 in Malaysia under the Companies Act 1965 as a private limited company with an authorised share capital of RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each, of which RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each had been issued and fully paid (“Issued Shares”). Its principal activity is assembly of battery packs and its related products.

In accordance with the SPA, Power Mac shall increase its paid-up share capital by issuing and allotting 26,000,000 new ordinary shares of RM1.00 each at par value to ETI-M (“Allotment Shares”) and the Allotment Shares shall carry the same voting rights and rank pari passu with the Issued Shares. The Issued Shares and the Allotment Shares, hereinafter collectively referred to as “the Sale Shares”.

The Proposed Disposal will entail the disposal by ETI-M of the Sale Shares, representing the entire equity interest in Power Mac to the Purchaser for a total cash consideration of RM5,878,000.00 (“Disposal Consideration”).

2.2 Information of the Purchaser

MEV was incorporated on 11 April 2013 in Malaysia under the Companies Act 1965 as a private limited company with an authorized share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each and paid-up share capital of RM2.00.

MEV is an investment holding company under the Musharaka group of companies. The Musharaka Group is principally involved in private equity investments where they acquire companies with potential growth in local and overseas market.

now 6cents.....soon TP 4cents ....throw it before you regret！

inikalilah keep asking your guy buy n buy n buy,now he already become alibaba sapu all your guy money m run away

u buy eti every nite u will got nightmare...

kee dropping now...6cents...later same as me...PN17

all of us already jump into the trap!

open market already drop to 7cents, dun expect much from eti

tomorrow will up lagi....77cents

tomorrow ETI will resume back to original price 4cents
52 Weeks Range: 0.04 - 0.16