OTHERS PROPOSED ACQUISITION OF 5,950,000 ORDINARY SHARES REPRESENTING APPROXIMATELY 70.00% EQUITY INTEREST IN GRANULAB (M) SDN BHD ("GRANULAB"), BY KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER") FOR A TOTAL CASH CONSIDERATION OF UP TO RM 1.0 MILLION ("PURCHASE CONSIDERATION"), FROM AN EXISTING SHAREHOLDER OF GRANULAB, NAMELY SIRIM TECH VENTURE SDN BHD ("STV"), A WHOLLY OWNED SUBSIDIARY OF SIRIM BERHAD ("SIRIM") ("PROPOSED ACQUISITION")
| KPOWER BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED ACQUISITION OF 5,950,000 ORDINARY SHARES REPRESENTING APPROXIMATELY 70.00% EQUITY INTEREST IN GRANULAB (M) SDN BHD ("GRANULAB"), BY KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER") FOR A TOTAL CASH CONSIDERATION OF UP TO RM 1.0 MILLION ("PURCHASE CONSIDERATION"), FROM AN EXISTING SHAREHOLDER OF GRANULAB, NAMELY SIRIM TECH VENTURE SDN BHD ("STV"), A WHOLLY OWNED SUBSIDIARY OF SIRIM BERHAD ("SIRIM") ("PROPOSED ACQUISITION") |
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We refer to the announcement dated 5 January 2021 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.
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Announcement Info
| Company Name | KPOWER BERHAD |
| Stock Name | KPOWER |
| Date Announced | 02 Apr 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02042021-00021 |