TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CEKD BERHAD (CEKD OR THE COMPANY) - PROPOSED ACQUISITION OF 410,003 ORDINARY SHARES BY CEKD, REPRESENTING 82% OF THE EQUITY INTEREST IN WORLDWIDE DIE CUTTING MOULD SDN. BHD.
| CEKD BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | CEKD BERHAD (CEKD OR THE COMPANY) - PROPOSED ACQUISITION OF 410,003 ORDINARY SHARES BY CEKD, REPRESENTING 82% OF THE EQUITY INTEREST IN WORLDWIDE DIE CUTTING MOULD SDN. BHD. |
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(All definitions used herein shall have the same meaning as defined in the announcements dated 5 July 2022 and 12 July 2022 respectively, unless otherwise stated.)
Further to our announcements dated 5 July 2022 and 12 July 2022 respectively (“Announcements”), the Board of Directors of CEKD Berhad would like to clarify that Section 2.3 of the Announcements shall be read as follows to include Section 2.3 (b):-
2.3 Basis and Justification for Purchase Consideration of the Proposed Acquisition
The Purchase Consideration for the Proposed Acquisition is RM6,230,000.00 and is determined at on a willing buyer-willing seller basis based on negotiation after taking into consideration the following:
a) Historical track record of Worldwide for the past three (3) years for the Financial Year Ended (“FYE”) 31 August 2019 to FYE 31 August 2021;
b) Worldwide’s audited net assets (“NA”) as at 31 August 2021 of approximately RM5.68 million; and
c) Worldwide’s audited profit after tax (“PAT”) as at 31 August 2021 of approximately RM1.37 million.
This announcement is dated 13 July 2022. |
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Announcement Info
| Company Name | CEKD BERHAD |
| Stock Name | CEKD |
| Date Announced | 13 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13072022-00056 |