RGTECH

0.365

-0.005 (-1.4%)

MULTIPLE PROPOSALS RADIANT GLOBALTECH BERHAD ("RADIANT GLOBALTECH" OR "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED VARIATION COLLECTIVELY REFERRED TO AS "PROPOSALS".

RADIANT GLOBALTECH BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
RADIANT GLOBALTECH BERHAD ("RADIANT GLOBALTECH" OR "COMPANY")

(I)	PROPOSED ACQUISITION; AND

(II)	PROPOSED VARIATION

COLLECTIVELY REFERRED TO AS "PROPOSALS".

On behalf of the Board of Directors of Radiant Globaltech, Alliance Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

 

1. Proposed acquisition by Radiant Globaltech of 800,000 ordinary shares in GF Spritvest (“GF Spritvest Shares”), representing 80% of the issued share capital of GF Spritvest, for a cash consideration of RM11.6 million (“Purchase Consideration”) (“Proposed Acquisition”); and

 

2. Proposed variation to the utilisation of proceeds of RM11.48 million raised from Radiant Globaltech’s IPO (“IPO Proceeds”) which was completed on 24 July 2018 to part-finance the Proposed Acquisition (“Proposed Variation”).

 

 

Further details of the Proposals are set out in the attachment.

 

This announcement is dated 10 September 2020




Please refer attachment below.



Announcement Info

Company Name RADIANT GLOBALTECH BERHAD
Stock Name RGTECH
Date Announced 10 Sep 2020
Category General Announcement for PLC
Reference Number GA1-09092020-00097