MTRONIC

0.015

(%)

OTHERS METRONIC GLOBAL BERHAD ("METRONIC" OR "THE COMPANY") - HEADS OF AGREEMENT BETWEEN METRONIC GLOBAL BERHAD AND S TIN CONSTRUCTION SDN BHD IN RESPECT OF THE PROPOSED ACQUISITION OF 70% OF THE ISSUED AND PAID UP SHARE CAPITAL IN S TIN CONSTRUCTION SDN BHD

METRONIC GLOBAL BERHAD

Type Announcement
Subject OTHERS
Description
METRONIC GLOBAL BERHAD ("METRONIC" OR "THE COMPANY")
- HEADS OF AGREEMENT BETWEEN METRONIC GLOBAL BERHAD AND S TIN CONSTRUCTION SDN BHD IN RESPECT OF THE PROPOSED ACQUISITION OF 70% OF THE ISSUED AND PAID UP SHARE CAPITAL IN S TIN CONSTRUCTION SDN BHD

The Board of Directors of Metronic wishes to announce that the Company has on 26 April 2021, entered into a Heads of Agreement (“HOA”) with S Tin Construction Sdn Bhd (“S Tin” or “the Target Company”) to record the HOA relating to the proposed disposal by Tee Kai Soon and Neng Mun Hai, and acquisition by the Company of 525,000 ordinary shares in S Tin, which represented 70% of the issued and paid up share capital of S Tin, upon the terms and conditions in the HOA and a definitive agreement to be entered in a later date.

 

Please refer to the attachment for further details.

 

This announcement is dated 27 April 2021.




Please refer attachment below.



Announcement Info

Company Name METRONIC GLOBAL BERHAD
Stock Name MTRONIC
Date Announced 27 Apr 2021
Category General Announcement for PLC
Reference Number GA1-27042021-00048