Bursa Announcements

Bursa Announcements

Date : 22 July 2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR GLOBAL BERHAD ("HEXTAR") - PROPOSED ACQUISITION OF 100 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HEXTAR KIMIA (AUSTRALIA) PTY LTD (FORMERLY KNOWN AS ENRA KIMIA (AUSTRALIA) PTY LTD) ("HEXTAR KIMIA (AUSTRALIA)") BY THE COMPANY FROM HEXTAR KIMIA SDN BHD (FORMERLY KNOWN AS ENRA KIMIA SDN BHD) ("HEXTAR KIMIA" OR "VENDOR"), A 49%-OWNED SUBSIDIARY OF HEXTAR, FOR A TOTAL PURCHASE PRICE OF RM14,300,000 TO BE SATISFIED WHOLLY IN CASH ("PROPOSED ACQUISITION")

HEXTAR GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
HEXTAR GLOBAL BERHAD ("HEXTAR") - PROPOSED ACQUISITION OF 100 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HEXTAR KIMIA (AUSTRALIA) PTY LTD (FORMERLY KNOWN AS ENRA KIMIA (AUSTRALIA) PTY LTD) ("HEXTAR KIMIA (AUSTRALIA)") BY THE COMPANY FROM HEXTAR KIMIA SDN BHD (FORMERLY KNOWN AS ENRA KIMIA SDN BHD) ("HEXTAR KIMIA" OR "VENDOR"), A 49%-OWNED SUBSIDIARY OF HEXTAR, FOR A TOTAL PURCHASE PRICE OF RM14,300,000 TO BE SATISFIED WHOLLY IN CASH ("PROPOSED ACQUISITION")

References are made to the announcements dated 23 May 2022 and 24 May 2022 in relation to the Proposed Acquisition. Unless otherwise defined herein, all terms and acronyms used herein shall be the same as those defined in the previous announcements.


The Company wishes to announce that the Proposed Acquisition has been completed on 22 July 2022 upon the fulfillment of all obligations pursuant to the conditional Shares Sale Agreement.


This announcement is dated 22 July 2022.



Announcement Info

Company Name HEXTAR GLOBAL BERHAD
Stock Name HEXTAR
Date Announced 22 Jul 2022
Category General Announcement for PLC
Reference Number GA1-05072022-00029


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