KPOWER

0.260

-0.01 (-3.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS KPOWER BERHAD ("KPOWER" OR "THE COMPANY") - HEADS OF AGREEMENT BETWEEN KPOWER RE SDN. BHD. AND PRISTINE FALCON SDN. BHD IN RELATION TO THE PROPOSED ACQUISITION OF UP TO 100% EQUITY INTEREST IN ONE RIVER POWER SDN. BHD.

KPOWER BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
KPOWER BERHAD ("KPOWER" OR "THE COMPANY") - HEADS OF AGREEMENT BETWEEN KPOWER RE SDN. BHD. AND PRISTINE FALCON SDN. BHD IN RELATION TO THE PROPOSED ACQUISITION OF UP TO 100% EQUITY INTEREST IN ONE RIVER POWER SDN. BHD.

The Board of Directors of KPower (“Board”) is pleased to announce that KPower RE Sdn. Bhd., a wholly owned subsidiary of the Company has on 25 April 2022, entered into a Heads of Agreement (“HOA”) with Pristine Falcon Sdn. Bhd. ("PFSB") to acquire up to 5,000,000 ordinary shares in One River Power Sdn. Bhd. ("ORP"), representing 100% equity interest in ORP for a total consideration of up to RM130,000,000 to be satisfied via a combination of cash and issuance of new shares in KPower, subject to any adjustments as set out in Section 2.2 of this announcement (“Proposed Acquisition” or the “Proposal”).

 

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Announcement Info

Company Name KPOWER BERHAD
Stock Name KPOWER
Date Announced 26 Apr 2022
Category General Announcement for PLC
Reference Number GA1-26042022-00032