other material
confidence high
sentiment neutral
materiality 0.50
Phoenix Plus acquires 33.9% stake in Vettons City Angels Sdn Bhd for MYR 990k (~$232k)
RHINO BITCOIN INC.
- Subscribed 84,906 ordinary shares at RM11.66/share for MYR 990,003.96 (approx. USD 232,040).
- Investment represents 33.9% equity in VCASB, a special purpose vehicle holding shares in Vettons City Sdn Bhd.
- Conditions precedent include full payment and valid share issuance; definitive agreements remain to be signed.
- Proceeds to be used as working capital for Vettons City's operations, including ICT development and property rental.