Date : 27 September 2022
Circular/Notice to Shareholders
| HEXTAR INDUSTRIES BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A (I) PROPOSED ACQUISITION BY HEXTAR INDUSTRIES BERHAD ("HIB") FROM HEXTAR HOLDINGS SDN BHD OF 100% EQUITY INTEREST IN HEXTAR FERTILIZERS LIMITED FOR A TOTAL PURCHASE CONSIDERATION OF RM480,000,000 TO BE SATISFIED VIA THE ISSUANCE AND ALLOTMENT OF 1,600,000,000 NEW ORDINARY SHARES IN HIB ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.30 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); AND (II) PROPOSED OFFER FOR SALE OF SUCH NUMBER OF CONSIDERATION SHARES TO INVESTORS TO BE IDENTIFIED ("PROPOSED OFFER FOR SALE") (COLLECTIVELY, "PROPOSALS"). PART B INDEPENDENT ADVICE LETTER FROM MALACCA SECURITIES SDN BHD TO THE NON-INTERESTED SHAREHOLDERS OF HIB IN RELATION TO THE PROPOSED ACQUISITION. |
Please refer attachment below.
Announcement Info
| Company Name | HEXTAR INDUSTRIES BERHAD |
| Stock Name | HEXIND |
| Date Announced | 27 Sep 2022 |
| Category | Document Submission |
| Reference Number | DCS-27092022-00004 |