OTHERS REVENUE GROUP BERHAD ("REVENUE" OR "THE COMPANY") PROPOSED ACQUISITION OF 51.0% EQUITY INTEREST IN INNOV8TIF HOLDINGS SDN BHD ("INNOV8TIF HOLDINGS") FOR A TOTAL CASH PURCHASE CONSIDERATION OF RM36 MILLION ("PROPOSED ACQUISITION")
| REVENUE GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | REVENUE GROUP BERHAD ("REVENUE" OR "THE COMPANY")
PROPOSED ACQUISITION OF 51.0% EQUITY INTEREST IN INNOV8TIF HOLDINGS SDN BHD ("INNOV8TIF HOLDINGS") FOR A TOTAL CASH PURCHASE CONSIDERATION OF RM36 MILLION ("PROPOSED ACQUISITION") |
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The Board of Directors of REVENUE (“Board”) wishes to announce that the Company had on 12 May 2023 entered into a conditional Share Sale Agreement (“SSA”) with Hong Seng Consolidated Berhad (“Hong Seng” or the “Vendor”) for the acquisition of 51.0% equity interest in Innov8tif Holdings, comprising 717,570 ordinary shares in Innov8tif Holdings (“Sale Shares”), for a total cash purchase consideration of RM36.00 million (“Purchase Consideration”).
REVENUE and the Vendor shall hereinafter be collectively referred to as the “Parties” and individually referred to as a “Party”.
The details are set out in the attachment below.
This announcement is dated 12 May 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | REVENUE GROUP BERHAD |
| Stock Name | REVENUE |
| Date Announced | 12 May 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12052023-00069 |