XOX

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - PROPOSED ACQUISITION OF SHARES IN JADI IMAGING HOLDINGS BERHAD

XOX BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
XOX BHD
-  PROPOSED ACQUISITION OF SHARES IN JADI IMAGING HOLDINGS BERHAD

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company had on 15 October 2021 entered into a Sale and Purchase of Shares Agreement (“SPA”) with LSI Holdings Sdn. Bhd. (“the Vendor”) for the proposed acquisition of 200,000,000 ordinary shares (“Sale Shares”) in Jadi Imaging Holdings Berhad (“Jadi”), representing approximately 19.01% of the total issued and paid up share capital of Jadi, for a total purchase consideration of RM46,000,000 only (“Purchase Consideration”) (“Proposed Acquisition”). 

 

Further details of the Proposed Acquisition are set out in the attachment herein.

 

This announcement is dated 15 October 2021.

 




Please refer attachment below.



Announcement Info

Company Name XOX BHD
Stock Name XOX
Date Announced 15 Oct 2021
Category General Announcement for PLC
Reference Number GA1-15102021-00062