Immediate Announcement of Changes in Treasury Shares
| SKYGATE SOLUTIONS BERHAD |
| Date of transaction | 17 Dec 2025 |
| Currency | Malaysian Ringgit (MYR) |
| Type of changes | Transfer - Purchase Consideration |
| Total number of treasury shares changed (units) | 3,095,540 |
| Transfer price and basis for the price | The transfer price for the 3,095,540 treasury shares in the Company being part of the consideration for the acquisition of 10% equity in Fasons Holdings Sdn. Bhd. ("Acquisition") is RM0.711 per share ("Consideration Treasury Shares").
Pursuant to paragraph 12.18(a) of the Listing Requirements, the actual transfer price of the Consideration Treasury Shares would be based on a price which is not less than the 5-day VWAMP of SkyGate Solutions Berhad's shares before the date of the transfer of the Consideration Treasury Shares. |
| Direct and indirect interests of the directors and major shareholders and any person connected with the directors or major shareholders in the transfer | None of the Directors and/or substantial shareholders, persons connected to the Directors and/or substantial shareholders of our Company and our subsidiaries or persons connected thereto have any interest, direct or indirect in the Acquisition and the transfer. |
| Name & details of vendor | 1. Khoo Boo Inn, a Malaysian national aged 65, is the Managing Director of Fasons Holdings Sdn. Bhd., where he leads the company's overall strategic direction, operational excellence, and business growth initiatives.
2. Khoo Teng Jin ("KTJ"), a Malaysian national aged 37, currently serves as a Director of Fasons Holdings Sdn. Bhd., where he is responsible for the company's commercial strategy, business development, and operational oversight. |
| Total number of treasury shares held after the resale or transfer | 943,686 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 335,808,706 |
| Remarks : |
Pursuant to the completion of the Acquisition, KTJ shall become an employee of the Company undertaking the role of Chief Commercial and Legal Officer in relation to business strategy, partnerships and commercial legal coordination for the collaboration between the Company and Fasons Holdings Sdn. Bhd.. |
Announcement Info
| Company Name | SKYGATE SOLUTIONS BERHAD |
| Stock Name | SKYGATE |
| Date Announced | 24 Dec 2025 |
| Category | Immediate Announcement of Changes in Treasury Shares |
| Reference Number | SB4-23122025-00001 |