Hextar Global Bhd

10/23/2020 | Press release | Distributed by Public on 10/23/2020 06:30

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR GLOBAL BERHAD ('HGB' OR THE 'COMPANY') PROPOSED ACQUISITION BY HGB OF 1,155,000[...]

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HEXTAR GLOBAL BERHAD ("HGB" OR THE "COMPANY") PROPOSED ACQUISITION BY HGB OF 1,155,000 ORDINARY SHARES REPRESENTING 55% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BIOGAS ENGINEERING (BEE) SDN BHD FOR A TOTAL CASH PURCHASE CONSIDERATION OF RM7,750,000. (REFERRED TO AS "PROPOSED ACQUISITION")
Reference is made to the announcement dated 24 August 2020 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 announcement.
The Company wishes to announce that the expected completion date of the Proposed Acquisition is now extended to 24 November 2020 as certain conditions of the SSA are still pending.

This announcement is dated 23 October 2020.



Announcement Info
Company Name
HEXTAR GLOBAL BERHAD
Stock Name
HEXTAR
Date Announced
23 Oct 2020
Category
General Announcement for PLC
Reference Number
GA1-20102020-00028