GETS

2.680

+0.02 (+0.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS GETS GLOBAL BERHAD ("GETS" OR THE "COMPANY") HEADS OF AGREEMENT BETWEEN GETS AND BT CAPITAL SDN BHD ("BT CAPITAL") IN RELATION TO THE PROPOSED ACQUISITION OF EQUITY INTEREST IN GREAT STYLISH VENTURE SDN BHD ("GSVSB")

GETS GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
GETS GLOBAL BERHAD ("GETS" OR THE "COMPANY")

HEADS OF AGREEMENT BETWEEN GETS AND BT CAPITAL SDN BHD ("BT CAPITAL") IN RELATION TO THE PROPOSED ACQUISITION OF EQUITY INTEREST IN GREAT STYLISH VENTURE SDN BHD ("GSVSB")

On behalf of the Board of Directors of GETS ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company had on, 12 April 2021, entered into a Heads of Agreement ("HOA") with BT Capital, to explore and pursue a potential acquisition of an equity stake in GSVSB, for a purchase consideration to be determined at a later date which will be satisfied via a combination of cash and/ or issuance of shares and/ or other securities of GETS ("Consideration Security(ies)") at an issue price of RM1.90 per Consideration Security ("Proposed Acquisition").

Pursuant to the HOA, GETS and BT Capital (collectively referred to as the "Parties" and each as a "Party") shall enter into definitive agreement(s) for the Proposed Acquisition ("Definitive Agreement(s)") within 3 months from the date of the HOA, or such extended date as may be mutually agreed in writing by the Parties. An announcement pertaining to the salient terms of the Proposed Acquisition will be made upon signing of the Definitive Agreement(s).

Please refer to the attachment for further details of the Proposed Acquisition.

 

This announcement is dated 12 April 2021.




Please refer attachment below.



Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 12 Apr 2021
Category General Announcement for PLC
Reference Number GA1-12042021-00109