KRONO

0.450

-0.005 (-1.1%)

Additional Listing Announcement /Subdivision of Shares

KRONOLOGI ASIA BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Acquisitions
Details of corporate proposal Acquisition by Kronologi Asia Berhad ("KAB") of the remaining 83.33% equity interest in Quantum China Limited ("QCL") not already owned by KAB for a purchase consideration of up to RM150,000,000 to be satisfied via a combination of cash and the issuance of new ordinary shares in KAB ("Consideration Shares") ("Acquisition")
No. of shares issued under this corporate proposal 55,000,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.6800
Par Value($$) (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 718,344,417
Issued Share Capital ($$) Malaysian Ringgit (MYR) 331,847,149.195
Listing Date 05 May 2022


Remarks :
The 55,000,000 Consideration Shares were issued and allotted pursuant to the 2nd payment tranche of purchase consideration for the Acquisition as QCL and its subsidiaries had achieved at least USD2,000,000 profit after tax for the financial year ended 31 January 2022 (i.e. Profit Warranty 2022 as disclosed in the circular dated 8 July 2021 for the Acquisition).


Announcement Info

Company Name KRONOLOGI ASIA BERHAD
Stock Name KRONO
Date Announced 29 Apr 2022
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-29042022-00001