DYNACIA

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OTHERS DYNACIATE GROUP BERHAD ("DGB" OR "COMPANY") PROPOSED ACQUISITIONS BY DYNACIATE SPI SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF DGB, OF TWO INDUSTRIAL PREMISES AND MACHINERIES AND EQUIPMENT FOR A TOTAL CASH CONSIDERATION OF RM26,786,431 ("PROPOSED ACQUISITIONS")

DYNACIATE GROUP BERHAD

Type Announcement
Subject OTHERS
Description
DYNACIATE GROUP BERHAD ("DGB" OR "COMPANY")

PROPOSED ACQUISITIONS BY DYNACIATE SPI SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF DGB, OF TWO INDUSTRIAL PREMISES AND MACHINERIES AND EQUIPMENT FOR A TOTAL CASH CONSIDERATION OF RM26,786,431 ("PROPOSED ACQUISITIONS")

Reference is made to the Company’s announcements dated 12 February 2020, 16 March 2020, 22 May 2020, 22 June 2020, 8 July 2020 and 15 July 2020 in relation to the Proposed Acquisitions ("Earlier Announcements") and the circular to the shareholders of DGB in relation to the Proposed Acquisitions dated 28 May 2019 (“Circular”).  Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Earlier Announcements and Circular. 

 

On behalf of the Board, AmInvestment Bank wishes to announce that the Proposed Johor Premises Acquisition and the Proposed M&E Acquisition had been completed respectively on 15 October 2020 and 20 October 2020 following the payment by DSPI of the Redemption Sum for the Johor Premises (as informed by the Vendors on 20 October 2020) and balance consideration for the M&E acquisition respectively.

 

DGB will make the requisite announcement upon completion of the Proposed Pahang Premises Acquisition.

 

This announcement is dated 20 October 2020.






Announcement Info

Company Name DYNACIATE GROUP BERHAD
Stock Name DYNACIA
Date Announced 20 Oct 2020
Category General Announcement for PLC
Reference Number GA1-20102020-00109