| HEXTAR GLOBAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | HEXTAR GLOBAL BERHAD ("HEXTAR" OR "COMPANY") - JOINT OFFER TOGETHER WITH EKOPINTAR SDN BHD ("EKOPINTAR") FOR THE PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF ENRA KIMIA SDN BHD ("ENRA KIMIA") FROM ENRA ENERGY SDN BHD ("ENRA ENERGY"), A WHOLLY-OWNED SUBSIDIARY COMPANY OF ENRA GROUP BERHAD ("ENRA") ("PROPOSED ENRA KIMIA ACQUISITION") |
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(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 23 July 2021 and 30 July 2021 respectively in relation to the Proposed ENRA Kimia Acquisition).
Further to the Company’s announcements on 23 July 2021 and 30 July 2021 respectively in relation to the Proposed ENRA Kimia Acquisition, the Board of Directors of Hextar wishes to announce that Hextar has, on 2 August 2021, entered into a conditional Share Sale Agreement with Ekopintar Sdn Bhd and Enra Energy Sdn. Bhd. for the acquisition of Enra Kimia Sdn. Bhd. (“ENRA Kimia”), at the Purchase Consideration of RM50,000,000 to be fully satisfied by cash ("Proposed ENRA Kimia Acquisition").
Please refer to the attachment for the details of the Proposed ENRA Kimia Acquisition.
This announcement is dated 2 August 2021.
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Please refer attachment below.
| Company Name | HEXTAR GLOBAL BERHAD |
| Stock Name | HEXTAR |
| Date Announced | 02 Aug 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02082021-00032 |