OMH

2.060

+0.05 (+2.5%)

OTHERS EXECUTION OF CONDITIONAL SHARE PURCHASE AGREEMENT FOR ACQUISITION OF THE REMAINING 25% INTEREST IN KEY MALAYSIAN OPERATING SUBSIDIARIES, OM MATERIALS (SARAWAK) SDN BHD ("OM SARAWAK") AND OM MATERIALS (SAMAJALU) SDN BHD ("OM SAMALAJU") FOR USD 120 MILLION

OM HOLDINGS LIMITED

Type Announcement
Subject OTHERS
Description
EXECUTION OF CONDITIONAL SHARE PURCHASE AGREEMENT FOR ACQUISITION OF THE REMAINING 25% INTEREST IN KEY MALAYSIAN OPERATING SUBSIDIARIES, OM MATERIALS (SARAWAK) SDN BHD ("OM SARAWAK") AND OM MATERIALS (SAMAJALU) SDN BHD ("OM SAMALAJU") FOR USD 120 MILLION

Further to the Company’s announcements on 5 May 2022 and 31 May 2022, the Board of Directors of OM Holdings Limited is pleased to advise that its 100% owned subsidiary, OM Materials (S) Pte Ltd has entered into a conditional share purchase agreement with Samalaju Industries Sdn Bhd ("SISB") for SISB to sell all its shares held (25% interest) in OM Sarawak and OM Samalaju for a total cash consideration of USD 120 million less the aggregate amount of shareholders' loan.




Please refer attachment below.



Announcement Info

Company Name OM HOLDINGS LIMITED
Stock Name OMH
Date Announced 14 Jun 2022
Category General Announcement for PLC
Reference Number GA1-14062022-00054