TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY WEGMANS HOLDINGS BERHAD ("WEGMANS" OR "THE COMPANY") OF 900,000 ORDINARY SHARES IN WISON SCREW INDUSTRIES SDN. BHD. ("WSI"), REPRESENTING 90% OF THE TOTAL NUMBER OF SHARES IN WSI, FROM BS VALUE SDN. BHD. ("BSV") AND KEK WEE BENG FOR A TOTAL PURCHASE CONSIDERATION OF RM16,200,000.00 TO BE FULLY SATISFIED BY THE ISSUE AND ALLOTMENT OF 50,030,800 NEW ORDINARY SHARES IN WEGMANS ("WEGMANS SHARE") AT AN ISSUE PRICE OF RM0.3238 ("PROPOSED ACQUISITION")
| WEGMANS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY WEGMANS HOLDINGS BERHAD ("WEGMANS" OR "THE COMPANY") OF 900,000 ORDINARY SHARES IN WISON SCREW INDUSTRIES SDN. BHD. ("WSI"), REPRESENTING 90% OF THE TOTAL NUMBER OF SHARES IN WSI, FROM BS VALUE SDN. BHD. ("BSV") AND KEK WEE BENG FOR A TOTAL PURCHASE CONSIDERATION OF RM16,200,000.00 TO BE FULLY SATISFIED BY THE ISSUE AND ALLOTMENT OF 50,030,800 NEW ORDINARY SHARES IN WEGMANS ("WEGMANS SHARE") AT AN ISSUE PRICE OF RM0.3238 ("PROPOSED ACQUISITION") |
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We refer to the announcement dated 24 December 2020 in relation to the Proposed Acquisition. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement.
The Board of Directors of Wegmans wishes to announce that Wegmans had on 27 January 2021 submitted an application to Bursa Securities in respect of the listing and quotation of up to 50,030,800 Consideration Shares to be issued pursuant to the Proposed Acquisition on the Main Market of Bursa Securities.
This announcement is dated 27 January 2021. |
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Announcement Info
| Company Name | WEGMANS HOLDINGS BERHAD |
| Stock Name | WEGMANS |
| Date Announced | 27 Jan 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25012021-00095 |