TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MESTRON HOLDINGS BERHAD ("MHB" or the "Company") - ACQUISITION OF 1,000,000 ORDINARY SHARES REPRESENTING 100.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LIZIZ BIOGAS SDN BHD BY MESTRON ENERGY SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MHB
MESTRON HOLDINGS BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | MESTRON HOLDINGS BERHAD ("MHB" or the "Company") - ACQUISITION OF 1,000,000 ORDINARY SHARES REPRESENTING 100.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LIZIZ BIOGAS SDN BHD BY MESTRON ENERGY SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MHB |
The Board of Directors of MHB wishes to announce that its wholly-owned subsidiary, Mestron Energy Sdn Bhd [Registration No. 202101007762 (1408061-X)] (“MESB” or the “Purchaser”), had on 3 September 2021 entered into a Share Sale Agreement (“SSA”) with Maxcom Engineering Sdn Bhd [Registration No. 199501016391 (345593-M)] (“Maxcom” or “the Vendor”) to acquire 1,000,000 ordinary shares of Liziz Biogas Sdn Bhd [Registration No. 201801005407 (1267421-D)] (“Liziz”), representing 100.0% of the issued and paid-up share capital of Liziz (“Sale Shares”), from Maxcom for a cash consideration of RM3,000,000.00 (“Purchase Price”) (“the Proposed Acquisition”).
Upon completion of the Proposed Acquisition, Liziz will become a subsidiary of MESB and an indirect subsidiary of MHB.
Please refer to the attachments for further information.
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Please refer attachment below.
Announcement Info
Company Name | MESTRON HOLDINGS BERHAD |
Stock Name | MESTRON |
Date Announced | 03 Sep 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-03092021-00046 |