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 |
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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. |
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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 |