WEGMANS

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-0.005 (-2.4%)

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. 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 PER WEGMANS SHARE. ("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. 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 PER WEGMANS SHARE. ("PROPOSED ACQUISITION")

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.

 

Reference is made to the announcements dated 24 December 2020 and 27 January 2021 in relation to the Proposed Acquisition.

 

The Board wishes to announce additional information in relation to the Proposed Acquisition as set out in the attachment below.

 

This announcement is dated 5 February 2021.




Please refer attachment below.



Announcement Info

Company Name WEGMANS HOLDINGS BERHAD
Stock Name WEGMANS
Date Announced 05 Feb 2021
Category General Announcement for PLC
Reference Number GA1-04022021-00016