TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY FOUNDPAC CAPITAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FPG OF 70% EQUITY INTEREST IN SDKM TECHNOLOGIES SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM8.4 MILLION
| FOUNDPAC GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY FOUNDPAC CAPITAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FPG OF 70% EQUITY INTEREST IN SDKM TECHNOLOGIES SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM8.4 MILLION |
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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in earlier announcements in relation to the Proposed SDKM Acquisition. Further to our earlier announcements dated 6 September 2021 and 7 September 2021 respectively, the Board wishes to inform that all the Conditions as set out in the SSA had been fullfilled on 15 October 2021 and the Balance Sum had been paid to the Vendors on 15 October 2021. Pursuant thereto, the Proposed SDKM Acquisition is deemed completed on 15 October 2021. This Announcement is dated 15 October 2021. |
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Announcement Info
| Company Name | FOUNDPAC GROUP BERHAD |
| Stock Name | FPGROUP |
| Date Announced | 15 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15102021-00059 |