BURSA ANNOUNCEMENTS

Date : 21 April 2025

OTHERS HEADS OF AGREEMENT ENTERED INTO BETWEEN ANCOM LOGISTICS BERHAD AND ANCOM NYLEX BERHAD WITH GREENHEART SDN BHD, CHOONG WEE KEONG AND HOW YOON FOR

ANCOM LOGISTICS BERHAD

Type Announcement
Subject OTHERS
Description
HEADS OF AGREEMENT ENTERED INTO BETWEEN ANCOM LOGISTICS BERHAD AND ANCOM NYLEX BERHAD WITH GREENHEART SDN BHD, CHOONG WEE KEONG AND HOW YOON FOR

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those defined in the Company’s announcement dated 22 April 2024, 25 April 2024 and 6 May 2024 ("Announcements")).

 

Further to the Announcements, the Board wishes to announce that on 21 April 2025, ALB and its holding company, ANB, had entered into a Supplemental Agreement to the HOA (“Supplemental Agreement”) with the Vendors and GLTSB. Pursuant to the Supplemental Agreement, the Parties have mutually agreed to, amongst others, the following:

  1. vary the terms of the Proposed Private Placement;
  2. to include a proposed subscription by ANB for 145,685 new ordinary shares in GLTSB (“GLTSB Share(s)”) (or such other number of new GLTSB Shares as may be applicable), to be issued and allotted by GLTSB to ANB for the total sum of RM12,000,073.45 (“Subscription Shares”) at the issue price of RM82.37 per GLTSB Share; and
  3. to extend the Term.

Save for the above, all other terms and conditions of the HOA remain unchanged.

 

Please refer to the attachment for further details of the announcement.

 

This announcement is dated 21 April 2025.

 

 




Please refer attachment below.

Attachments

ALB-Supplemental HOA.pdf
164.7 kB



Announcement Info

Company Name ANCOM LOGISTICS BERHAD
Stock Name ANCOMLB
Date Announced 21 Apr 2025
Category General Announcement for PLC
Reference Number GA1-21042025-00039