TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SKYGATE SOLUTIONS BERHAD ("SKYGATE" OR "THE COMPANY") ACQUISITION OF 10% EQUITY IN FASONS HOLDINGS SDN BHD ("FASONS") FOR A TOTAL CONSIDERATION OF APPROXIMATELY RM2.86 MILLION TO BE SATISFIED VIA A COMBINATION OF THE TRANSFER OF TREASURY SHARES AND CASH CONSIDERATION ("ACQUISITION")
| SKYGATE SOLUTIONS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SKYGATE SOLUTIONS BERHAD ("SKYGATE" OR "THE COMPANY")
ACQUISITION OF 10% EQUITY IN FASONS HOLDINGS SDN BHD ("FASONS") FOR A TOTAL CONSIDERATION OF APPROXIMATELY RM2.86 MILLION TO BE SATISFIED VIA A COMBINATION OF THE TRANSFER OF TREASURY SHARES AND CASH CONSIDERATION ("ACQUISITION") |
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The Board of Directors of SkyGate Solutions Berhad (“SKYGATE” or “the Company”) wishes to announce that the Company had on 21 August 2025 entered into a share sale agreement (“SSA”) with Fasons, Khoo Boo Inn (“KBI”) and Khoo Teng Jin (“KTJ”) (collectively referred to as the “Parties”) for the acquisition of 50,000 ordinary shares in Fasons (“Fason Share(s)” or the “Sale Share(s)”) representing 10% equity interest in Fasons for a total consideration of approximately RM2.86 million (“Purchase Consideration”).
Please refer to the attachment for futher details.
This announcement is dated 21 August 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | SKYGATE SOLUTIONS BERHAD |
| Stock Name | SKYGATE |
| Date Announced | 21 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21082025-00008 |