OTHERS SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY") - PROPOSED ACQUISITION OF THE REMAINING 40% EQUITY INTEREST IN SIGNATURE ALUMINIUM SDN. BHD. BY THE COMPANY FOR A CASH CONSIDERATION OF RM15.0 MILLION
| SIGNATURE INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY")
- PROPOSED ACQUISITION OF THE REMAINING 40% EQUITY INTEREST IN SIGNATURE ALUMINIUM SDN. BHD. BY THE COMPANY FOR A CASH CONSIDERATION OF RM15.0 MILLION |
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The Board of Directors of the Company wishes to announce that SIGN had on 26 May 2022 entered into a share sale agreement with Ang Chek Peow to acquire 400,000 ordinary shares in Signature Aluminium Sdn. Bhd. (“SASB”), representing 40% equity interest in SASB, for a total cash consideration of RM15.0 million (“Purchase Consideration”), subject to the terms and conditions stated therein (the “Proposed Acquisition”). Upon completion of the Proposed Acquisition, SASB shall become a wholly-owned subsidiary of the Company. Please refer to the attached announcement for further details. This announcement is dated 26 May 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | SIGNATURE INTERNATIONAL BERHAD |
| Stock Name | SIGN |
| Date Announced | 26 May 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26052022-00057 |