TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KAREX BERHAD ("KAREX" OR THE "COMPANY") ACQUISITION OF THE REMAINING 30 SHARES OF COMMON STOCK IN GLOBAL PROTECTION CORP. ("GP"), REPRESENTING 30% OF THE EQUITY INTEREST IN GP, BY KAREX GLOBAL LIMITED, A WHOLLY-OWNED SUBSIDIARY OF KAREX, FROM DAVIN WEDEL FOR A PURCHASE CONSIDERATION OF RM42,263,250.18 SATISFIED ENTIRELY VIA THE ISSUANCE OF 51,085,761 NEW ORDINARY SHARES IN KAREX AT AN ISSUE PRICE OF RM0.8273 EACH ("ACQUISITION")
| KAREX BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KAREX BERHAD ("KAREX" OR THE "COMPANY")
ACQUISITION OF THE REMAINING 30 SHARES OF COMMON STOCK IN GLOBAL PROTECTION CORP. ("GP"), REPRESENTING 30% OF THE EQUITY INTEREST IN GP, BY KAREX GLOBAL LIMITED, A WHOLLY-OWNED SUBSIDIARY OF KAREX, FROM DAVIN WEDEL FOR A PURCHASE CONSIDERATION OF RM42,263,250.18 SATISFIED ENTIRELY VIA THE ISSUANCE OF 51,085,761 NEW ORDINARY SHARES IN KAREX AT AN ISSUE PRICE OF RM0.8273 EACH ("ACQUISITION") |
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We refer to the announcements dated 12 November 2020, 13 November 2020, 23 November 2020, 27 November 2020, 7 December 2020, 22 December 2020 and 23 December 2020 in relation to the Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
This announcement is dated 24 December 2020. |
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Announcement Info
| Company Name | KAREX BERHAD |
| Stock Name | KAREX |
| Date Announced | 24 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24122020-00081 |