TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company") 1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX 2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED"
| INIX TECHNOLOGIES HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company")
1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX
2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED" |
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The Board of Directors of INIX wishes to announce that its wholly-owned subsidiary, INIX Glove Manufacturing Sdn Bhd [Registration No. 201001023819 (907591-H)] (“INIX GM" or “the Purchaser”), had on 21 January 2021 entered into a Share Sale Agreement (“SSA”) to acquire 331,500 ordinary shares of L & S Gloves Sdn Bhd [Registration No. 201901017337 (1326665-M)] (“L&S”), representing 51.0% of the issued shares of L&S, from Teo Xiong Sheng, Teo Yoek Leong and Xiaohua Xie (“the Vendors”) for a consideration of RM6,500,000.00 (“Purchase Price”) (“the Proposed Acquisition”). Upon completion of the Proposed Acquisition, L&S will become a subsidiary of INIX GM and an indirect subsidiary of INIX. Please refer to the attachments for further information. This announcement is dated 21 January 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | INIX TECHNOLOGIES HOLDINGS BERHAD |
| Stock Name | INIX |
| Date Announced | 21 Jan 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21012021-00039 |