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 |
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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. |
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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 |