|HEXTAR GLOBAL BERHAD|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
TERM SHEET FOR THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PROPEL CHEMICALS SDN BHD BY HEXTAR KIMIA SDN BHD, A 49%-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CONSIDERATION OF RM16,500,000.00
The Board of Directors of Hextar wishes to announce that Hextar Kimia Sdn Bhd, a 49%-owned subsidiary of the Company, has on 14 September 2023, entered into a Term Sheet with Propel Global Berhad for the acquisition of 1,008,000 ordinary shares, representing 100% equity interest in Propel Chemicals Sdn Bhd (formerly known as Daya Secadyme Sdn Bhd) for a cash consideration of RM16,500,000.00, subject to certain adjustment as set out in the Term Sheet and as may be determined by both parties on a later date.
Please refer to the attachment for the details of the announcement.
This announcement is dated 14 September 2023.
Please refer attachment below.
|Company Name||HEXTAR GLOBAL BERHAD|
|Date Announced||14 Sep 2023|
|Category||General Announcement for PLC|