WEGMANS

0.315

-0.01 (-3.1%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS 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 PER WEGMANS SHARE (ACQUISITION)

WEGMANS HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
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 PER WEGMANS SHARE (ACQUISITION)

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 24 December 2020, 27 January 2021, 5 February 2021, 9 February 2021, 29 March 2021 and 2 April 2021 in relation to the Acquisition, where applicable, unless stated otherwise or defined herein.)

 

The Board wishes to announce that the Acquisition has been completed and the 50,030,800 Wegmans Shares issued as consideration for the Acquisition were listed and quoted on the Main Market of Bursa Securities on 5 April 2021.

 

 

 

This announcement is dated 5 April 2021.






Announcement Info

Company Name WEGMANS HOLDINGS BERHAD
Stock Name WEGMANS
Date Announced 05 Apr 2021
Category General Announcement for PLC
Reference Number GA1-31032021-00111