SIGN

0.940

+0.03 (+3.3%)

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