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Date : 29 July 2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR TECHNOLOGIES SOLUTIONS BERHAD (FORMERLY KNOWN AS COMPLETE LOGISTIC SERVICES BERHAD) ("HEXTECH" OR "THE COMPANY") - DISPOSAL OF ITS REMAINING 20% EQUITY INTERESTS IN DOLPHIN SHIPPING AGENCY SDN. BHD. ("DSA") AND GEMS LOGISTICS SDN. BHD. ("GEMS") RESPECTIVELY AND 17.56% OF ITS EQUITY INTERESTS IN GUPER INTEGRATED LOGISTICS SDN. BHD. ("GIL") TO SH COGENT LOGISTICS PTE. LTD. ("SH COGENT" or "PURCHASER") ("DISPOSALS")

HEXTAR TECHNOLOGIES SOLUTIONS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HEXTAR TECHNOLOGIES SOLUTIONS BERHAD (FORMERLY KNOWN AS COMPLETE LOGISTIC SERVICES BERHAD) ("HEXTECH" OR "THE COMPANY")  
- DISPOSAL OF ITS REMAINING 20% EQUITY INTERESTS IN DOLPHIN SHIPPING AGENCY SDN. BHD. ("DSA") AND GEMS LOGISTICS SDN. BHD. ("GEMS") RESPECTIVELY AND 17.56% OF ITS EQUITY INTERESTS IN GUPER INTEGRATED LOGISTICS SDN. BHD. ("GIL") TO SH COGENT LOGISTICS PTE. LTD. ("SH COGENT" or "PURCHASER") ("DISPOSALS")

We refer to the Company’s announcements made on 13 August 2019, 27 November 2019, 4 December 2019, 31 December 2019 and 31 January 2020 in relation to the Disposals (“Announcements”). Unless otherwise defined, all defined terms and abbreviations used in this announcement shall carry the same meaning as those previously defined in the Announcements.

 

The Board of Directors of HexTech wishes to announce that the Company had on 29 July 2022 received the buy-out notice (“Buy-Out Notice”) from the Purchaser in relation to the Disposals.

 

Details of the announcement are set out in the file attached. 

 

This announcement is dated 29 July 2022.

 




Please refer attachment below.

Attachments

Announcement- NRPT.pdf
89.4 kB



Announcement Info

Company Name HEXTAR TECHNOLOGIES SOLUTIONS BERHAD
Stock Name HEXTECH
Date Announced 29 Jul 2022
Category General Announcement for PLC
Reference Number GA1-27072022-00047