Bursa Announcements

Bursa Announcements

Date : 23 July 2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR GLOBAL BERHAD ("HEXTAR" OR "COMPANY") ACQUISITIONS OF 500,000 ORDINARY SHARES IN ALPHA AIM (M) SDN BHD ("AASB"), REPRESENTING 100% EQUITY INTEREST IN AASB FROM TAN SEIO BENG AND CHAN KWEI LING; AND 1,050,014 ORDINARY SHARES IN CHEMPRO TECHNOLOGY (M) SDN BHD ("CTSB"), REPRESENTING 100% EQUITY INTEREST IN CTSB FROM TAN SEIO BENG, CHEOK VIPING AND WETACHO (M) SDN BHD; FOR A TOTAL PURCHASE PRICE OF RM138,000,000.00 TO BE FULLY SATISFIED BY CASH ("ACQUISITIONS")

HEXTAR GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HEXTAR GLOBAL BERHAD ("HEXTAR" OR "COMPANY")

ACQUISITIONS OF 500,000 ORDINARY SHARES IN ALPHA AIM (M) SDN BHD ("AASB"), REPRESENTING 100% EQUITY INTEREST IN AASB FROM TAN SEIO BENG AND CHAN KWEI LING; AND 1,050,014 ORDINARY SHARES IN CHEMPRO TECHNOLOGY (M) SDN BHD ("CTSB"), REPRESENTING 100% EQUITY INTEREST IN CTSB FROM TAN SEIO BENG, CHEOK VIPING AND WETACHO (M) SDN BHD; FOR A TOTAL PURCHASE PRICE OF RM138,000,000.00 TO BE FULLY SATISFIED BY CASH ("ACQUISITIONS")

(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements dated 22 February 2021, 8 March 2021, 8 April 2021, 19 May 2021 and 28 May 2021 in relation to the Acquisitions)

 

On behalf of the Board, M&A Securities wishes to announce that the Acquisitions has been completed on 23 July 2021 upon the fulfilment of all conditions precedent pursuant to the SSA.

 

This announcement is dated 23 July 2021.

 






Announcement Info

Company Name HEXTAR GLOBAL BERHAD
Stock Name HEXTAR
Date Announced 23 Jul 2021
Category General Announcement for PLC
Reference Number GA1-23072021-00022


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