OTHERS KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER" OR "THE COMPANY") - PROPOSED ACQUISITION OF 2,193,000 ORDINARY SHARES IN CHEMTRAX SDN BHD ("CHEMTRAX"), REPRESENTING 51.00% OF THE TOTAL NUMBER OF ISSUED SHARES OF CHEMTRAX, BY KPOWER ("SALE SHARES") FOR A TOTAL CASH CONSIDERATION OF RM10.00 MILLION ("PURCHASE CONSIDERATION"), FROM AN EXISTING SHAREHOLDER OF CHEMTRAX, SABAKA GROUP SDN BHD ("SABAKA") ("PROPOSED ACQUISITION")
| KPOWER BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER" OR "THE COMPANY") - PROPOSED ACQUISITION OF 2,193,000 ORDINARY SHARES IN CHEMTRAX SDN BHD ("CHEMTRAX"), REPRESENTING 51.00% OF THE TOTAL NUMBER OF ISSUED SHARES OF CHEMTRAX, BY KPOWER ("SALE SHARES") FOR A TOTAL CASH CONSIDERATION OF RM10.00 MILLION ("PURCHASE CONSIDERATION"), FROM AN EXISTING SHAREHOLDER OF CHEMTRAX, SABAKA GROUP SDN BHD ("SABAKA") ("PROPOSED ACQUISITION") |
|
We refer to the announcement dated 21 October 2020 made in relation to the Proposed Acquisition (“Announcement”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcement.
|
|
Announcement Info
| Company Name | KPOWER BERHAD |
| Stock Name | KPOWER |
| Date Announced | 13 Jan 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13012021-00020 |