HLT

0.830

-0.07 (-7.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY") PROPOSED ACQUISITION

HLT GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY")

PROPOSED ACQUISITION

On behalf of the Board of Directors of HLT, KAF Investment Bank Berhad wishes to announce that the Company is proposing to acquire the remaining 4,725,000 ordinary shares in HL Rubber Industries Sdn Bhd (“HLRI”), representing 45.0% of the issued share capital of HLRI, for a purchase consideration of RM90,000,000 (“Purchase Consideration”) to be satisfied via the issuance of 90,000,000 new ordinary shares in HLT (“Consideration Shares”) at an issue price of RM1.00 per Consideration Share.

 

 

Kindly refer to the attached document for the complete announcement.

 

 

This announcement is dated 11 January 2021.




Please refer attachment below.



Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 11 Jan 2021
Category General Announcement for PLC
Reference Number GA1-11012021-00131