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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XINGHE HOLDINGS BERHAD ("COMPANY") PROPOSED ACQUISITION OF A PRAWN FARM AND RELATED FACILITIES AND ASSETS FROM PEGAGAU AQUACULTURE SDN BHD (525571-V) FOR A TOTAL CASH CONSIDERATION OF RM100 MILLION ("PROPOSED ACQUISITION")

XINGHE HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
XINGHE HOLDINGS BERHAD ("COMPANY")

PROPOSED ACQUISITION OF A PRAWN FARM AND RELATED FACILITIES AND ASSETS FROM PEGAGAU AQUACULTURE SDN BHD (525571-V) FOR A TOTAL CASH CONSIDERATION OF RM100 MILLION ("PROPOSED ACQUISITION")

We refer to the announcements dated 2 January 2019, 4 January 2019, 28 March 2019, 10 April 2019, 17 June 2019 and 16 August 2019 in relation to the Proposed Acquisition (“Announcements”) and the Company’s Circular to Shareholders in relation to the Proposed Diversification, Proposed Share Consolidation and Proposed Notes Issue dated 24 June 2019 (“Circular”). Unless otherwise stated, the terms used herein shall have the same meanings as defined in the Circular.

The Company wishes to announce that its wholly-owned subsidiary, XW Aquaculture Sdn. Bhd., had on 4 November 2019 been advised by the bank who granted, inter-alia, a Term Financing-i facility for RM50 million to XW Aquaculture Sdn. Bhd. to part-finance the Proposed Acquisition that the financing documents in respect of the said Term Financing-i facility have been dated 23 October 2019.

This announcement is dated 4 November 2019.






Announcement Info

Company Name XINGHE HOLDINGS BERHAD
Stock Name XINGHE
Date Announced 04 Nov 2019
Category General Announcement for PLC
Reference Number GA1-04112019-00116