TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FAVELLE FAVCO BERHAD ("FAVCO" OR "THE COMPANY") - PROPOSED ACQUISITION BY FAVCO OF THE ENTIRE EQUITY INTEREST IN SERAM INDUSTRIES SAS FROM MAREC INDUSTRIE SAS FOR AN INITIAL PURCHASE PRICE OF EUROS ("EUR") 7,500,000 WITH CONDITIONAL DEFERRED CONSIDERATION OF UP TO EUR 2,500,000 IN CASH ("PROPOSED ACQUISITION")
| FAVELLE FAVCO BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | FAVELLE FAVCO BERHAD ("FAVCO" OR "THE COMPANY")
- PROPOSED ACQUISITION BY FAVCO OF THE ENTIRE EQUITY INTEREST IN SERAM INDUSTRIES SAS FROM MAREC INDUSTRIE SAS FOR AN INITIAL PURCHASE PRICE OF EUROS ("EUR") 7,500,000 WITH CONDITIONAL DEFERRED CONSIDERATION OF UP TO EUR 2,500,000 IN CASH ("PROPOSED ACQUISITION") |
|
The Board of Directors of FAVCO is pleased to announce that the Company had on 12 January 2026 entered into a conditional share purchase agreement with Marec Industrie SAS in relation to the Proposed Acquisition.
Please refer to the attachment for further details on the Proposed Acquisition.
This announcement is dated 12 January 2026. |
|
Please refer attachment below.
Announcement Info
| Company Name | FAVELLE FAVCO BERHAD |
| Stock Name | FAVCO |
| Date Announced | 12 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14122025-00002 |