Bursa Announcements
Date : 06 September 2023
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR INDUSTRIES BERHAD ("HIB" OR THE "COMPANY" OR "PURCHASER") CONDITIONAL SHARE SALE AGREEMENT FOR THE ACQUISITION OF 100% EQUITY INTEREST IN PACIFIC OFFICE (M) SDN BHD FOR RM16.5 MILLION
| HEXTAR INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | HEXTAR INDUSTRIES BERHAD ("HIB" OR THE "COMPANY" OR "PURCHASER")
CONDITIONAL SHARE SALE AGREEMENT FOR THE ACQUISITION OF 100% EQUITY INTEREST IN PACIFIC OFFICE (M) SDN BHD FOR RM16.5 MILLION |
|
The Board of Directors of HIB (the “Board”) wishes to announce that the Company, had on 5 September 2023, entered into a conditional Share Sale Agreement (“SSA”) with Chew Fei Fei, Chew Siau Fong, Tan Tian Goh, Tan Tian Kuan and Tan Tian Sin (the “Vendors”) (collectively with the Purchaser, to be referred as the “Parties”) for the acquisition of 100% equity interest of Pacific Office (M) Sdn Bhd [Registration No. 199501025186 (354391-M)] (“Sale Shares”) for a total cash consideration of Ringgit Malaysia Sixteen Million Five Hundred Thousand (RM16,500,000) (“Consideration”) (“Acquisition”) upon the terms and conditions set out in the SSA.
Further details of the announcement are set out in the attachment below.
This announcement is dated 6 September 2023 |
|
Please refer attachment below.
Attachments
HIB - SSA to acquire Pacific.pdf
|
Announcement Info
| Company Name | HEXTAR INDUSTRIES BERHAD |
| Stock Name | HEXIND |
| Date Announced | 06 Sep 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06092023-00019 |