TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR INDUSTRIES BERHAD ("HIB" or "the Company") - ACQUISITION OF REMAINING EQUITY INTEREST IN PK FERTILIZERS (SARAWAK) SDN BHD
HEXTAR INDUSTRIES BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | HEXTAR INDUSTRIES BERHAD ("HIB" or "the Company") - ACQUISITION OF REMAINING EQUITY INTEREST IN PK FERTILIZERS (SARAWAK) SDN BHD |
The Board of Directors of HIB wishes to announce that the Company had on 18 March 2022 entered into a Share Purchase Agreement (“SPA” or “Agreement”) with Golden Barley International Pte Ltd (“Golden Barley”) to acquire the remaining 16.67% equity interest of PK Fertilizers (Sarawak) Sdn Bhd (“PKFS”), representing 3,000,000 ordinary shares in PKFS, for a consideration of USD1,500,000 (“Sale Shares”) (“Acquisition Consideration”) to be fully satisfied in cash (hereinafter referred to as the “Acquisition”).
Please refer to the attachment for further details of the Acquisition.
This announcement is dated 18 March 2022. |
Please refer attachment below.
Announcement Info
Company Name | HEXTAR INDUSTRIES BERHAD |
Stock Name | HEXIND |
Date Announced | 18 Mar 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-18032022-00012 |