TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UZMA BERHAD ("UZMA" OR THE "COMPANY") PROPOSED ACQUISITION OF AN ADDITIONAL 22% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION")
| UZMA BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | UZMA BERHAD ("UZMA" OR THE "COMPANY")
PROPOSED ACQUISITION OF AN ADDITIONAL 22% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION") |
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On behalf of the Board of Directors of Uzma (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that Tenggara Analisis Sdn Bhd (“Tenggara”), a wholly-owned subsidiary of Uzma, had on 5 February 2020 entered into a conditional shares sale agreement (“SSA”) with Dato’ Nasri bin Nasrun (“Dato’ Nasri”) to acquire 1,018,380 ordinary shares in Setegap Ventures Petroleum Sdn Bhd (“SVP”) (“Sale Shares”), representing 22% equity interest in SVP, for a cash consideration of RM52.8 million (“Purchase Consideration”) (“Proposed Acquisition”). |
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Please refer attachment below.
Announcement Info
| Company Name | UZMA BERHAD |
| Stock Name | UZMA |
| Date Announced | 05 Feb 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05022020-00012 |