TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EP MANUFACTURING BHD ("EPM" OR THE "COMPANY") PROPOSED ACQUISITION BY EPM OF 5,000,000 ORDINARY SHARES IN KENSINGTON DEVELOPMENT SDN. BHD. ("KENSINGTON DEVELOPMENT"), REPRESENTING THE ENTIRE EQUITY INTEREST IN KENSINGTON DEVELOPMENT, FROM BESTEMPIRE LIMITED ("BESTEMPIRE" OR "VENDOR") FOR A CASH CONSIDERATION OF RM45.6 MILLION ("PROPOSED ACQUISITION")
| EP MANUFACTURING BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EP MANUFACTURING BHD ("EPM" OR THE "COMPANY")
PROPOSED ACQUISITION BY EPM OF 5,000,000 ORDINARY SHARES IN KENSINGTON DEVELOPMENT SDN. BHD. ("KENSINGTON DEVELOPMENT"), REPRESENTING THE ENTIRE EQUITY INTEREST IN KENSINGTON DEVELOPMENT, FROM BESTEMPIRE LIMITED ("BESTEMPIRE" OR "VENDOR") FOR A CASH CONSIDERATION OF RM45.6 MILLION ("PROPOSED ACQUISITION") |
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The Board of Directors of EPM wishes to announce that the Company had on 19 July 2021, entered into a Share Sale Agreement ("SSA”) with Bestempire Limited ("Bestempire") for the proposed acquisition of 5,000,000 ordinary shares in Kensington Development Sdn. Bhd. ("Kensington Development"), representing the entire equity interest in Kensington Development, from Bestempire for a purchase consideration of RM45.6 million to be satisfied.
Please refer to the attachment for further details of the Proposed Acquisition.
This announcement is dated 19 July 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | EP MANUFACTURING BHD |
| Stock Name | EPMB |
| Date Announced | 19 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19072021-00029 |