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. |
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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”).
Please refer to attachment for further details. |
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Please refer attachment below.
Announcement Info
| Company Name | KPOWER BERHAD |
| Stock Name | KPOWER |
| Date Announced | 26 Apr 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26042022-00032 |