HCK

2.130

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HCK CAPITAL GROUP BERHAD ("HCK" OR THE "COMPANY") I. PROPOSED ACQUISITION BY HCK PROPERTIES SDN BHD ("HCK PROPERTIES"), A WHOLLY-OWNED SUBSIDIARY OF HCK, OF 7,051,000 ORDINARY SHARES IN GLOBAL ACTIVATE SDN BHD, FOR A PURCHASE CONSIDERATION OF RM2.00; AND II. PROPOSED ACQUISITION BY HCK PROPERTIES OF 5,714,286 ORDINARY SHARES IN LIGHT ODYSSEY SDN BHD, FOR A PURCHASE CONSIDERATION OF RM2.00. (COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS")

HCK CAPITAL GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
HCK CAPITAL GROUP BERHAD ("HCK" OR THE "COMPANY")

I. PROPOSED ACQUISITION BY HCK PROPERTIES SDN BHD ("HCK PROPERTIES"), A WHOLLY-OWNED SUBSIDIARY OF HCK, OF 7,051,000 ORDINARY SHARES IN GLOBAL ACTIVATE SDN BHD, FOR A PURCHASE CONSIDERATION OF RM2.00; AND

II. PROPOSED ACQUISITION BY HCK PROPERTIES OF 5,714,286 ORDINARY SHARES IN LIGHT ODYSSEY SDN BHD, FOR A PURCHASE CONSIDERATION OF RM2.00.

(COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS")

Unless otherwise stated, all abbreviations used herein shall have the same meaning as those defined in the earlier announcement in relation to the Proposed Acquisitions.


Reference is made to the announcement dated 19 January 2023 in relation to the Proposed Acquisitions.


Pursuant thereto, the Board wishes to clarify the following information (as per underlined) in relation to the Proposed Acquisitions.

 

8    HIGHEST PERCENTAGE RATIOS

 

The highest percentage ratios applicable to the Proposed Acquisitions pursuant to Paragraph 10.02(g) of the Listing Requirements are 39.86% and 33.53% for the Proposed Acquisition of GASB and the Proposed Acquisition of LOSB, respectively. However, pursuant to Chapter 10, Paragraph 10.08, sub-paragraph 10 of the Listing Requirements, due to the aggregate purchase consideration being below the RM500,000 threshold, the Proposed Acquisitions are exempted for seeking shareholders' approval.

 

This announcement is dated 20 January 2023.






Announcement Info

Company Name HCK CAPITAL GROUP BERHAD
Stock Name HCK
Date Announced 20 Jan 2023
Category General Announcement for PLC
Reference Number GA1-20012023-00028