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ANALYST’S MESSAGE Trive Property Group Berhad – Some Issues and Concerns Trive Property Group Berhad (“Trive” or “the Company”) had on 19 April 2019 issued the Notice of the Extraordinary General Meeting (EGM) for the following:- (i) Proposed subscription by Trive of 150 new ordinary shares in Avenue Escape Sdn Bhd (“AESB”), representing 60% equity interest in the enlarged issued share capital of AESB, for a subscription consideration of RM17,356,898 (“Proposed Subscription”); and (ii) Proposed variation of the utilisation of proceeds previously raised from the Company’s share issuance exercise with Macquarie Bank Limited (“Proposed Variation”).
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