TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY") - PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN SPACE ALLIANCE CONTRACTS SDN. BHD. BY THE COMPANY FOR A CASH CONSIDERATION OF RM15.3 MILLION
SIGNATURE INTERNATIONAL BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY") - PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN SPACE ALLIANCE CONTRACTS SDN. BHD. BY THE COMPANY FOR A CASH CONSIDERATION OF RM15.3 MILLION |
The Board of Directors of the Company wishes to announce that SIGN has on 16 December 2021 entered into a conditional share sale agreement with Chang Chung Fei and Ng Mun Moh to acquire 765,000 ordinary shares in Space Alliance Contracts Sdn. Bhd. (“SACSB”), representing 51% equity interest in SACSB, for a total cash consideration of RM15.3 million only subject to the terms and conditions stated therein (the “Proposed Acquisition”). Upon completion of the Proposed Acquisition, SACSB shall become a 51%-owned subsidiary of the Company. Details of the Proposed Acquisition are set out in the attachment below. This announcement is dated 16 December 2021. |
Please refer attachment below.
Announcement Info
Company Name | SIGNATURE INTERNATIONAL BERHAD |
Stock Name | SIGN |
Date Announced | 16 Dec 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-18112021-00087 |