Bursa Announcements

On behalf of the Board of Directors of Hextar, M&A Securities Sdn Bhd wishes to announce that Hextar had on 12 July 2021, entered into a conditional share sale agreement (“SSA”) for:

1. acquisition of 500,000 ordinary shares in Nobel Synthetic Polymer Sdn Bhd (“NSPSB”) (“NSPSB Sale Shares”), representing 100% equity interest in NSPSB from Marcus Mar Hung Than and Chieng Diing Yaw (“Proposed NSPSB Acquisition”); and
2. acquisition of 250,000 ordinary shares in Nobel Scientific Sdn Bhd (“NSSB”) (“NSSB Sale Shares”), representing 100% equity interest in NSSB from Marcus Mar Hung Than and Chieng Diing Yaw (“Proposed NSSB Acquisition”).

for a total purchase price of RM105,000,000 (“Purchase Price”) to be fully satisfied by cash. (The Proposed NSPSB Acquisition and Proposed NSSB Acquisition are collectively referred to as the “Proposed Acquisitions”).                                                                                            

Please refer to the attachment for the details of the Proposed Acquisitions.

This announcement is dated 12 July 2021.