AJIYA

1.510

+0.01 (+0.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS AJIYA BERHAD (AJIYA OR COMPANY) PROPOSED ACQUISITION OF 100,000 ORDINARY SHARES REPRESENTING 10% OF THE TOTAL ISSUED SHARE CAPITAL OF AJIYA SAFETY GLASS SDN BHD FROM FORESIGHT AIM SDN BHD FOR A PURCHASE CONSIDERATION OF RM9,000,000.00

AJIYA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AJIYA BERHAD (AJIYA OR COMPANY)
PROPOSED ACQUISITION OF 100,000 ORDINARY SHARES REPRESENTING 10% OF THE TOTAL ISSUED SHARE CAPITAL OF AJIYA SAFETY GLASS SDN BHD FROM FORESIGHT AIM SDN BHD FOR A PURCHASE CONSIDERATION OF RM9,000,000.00

The Board of Ajiya wishes to announce that Ajiya had on 22 February 2024 acquired 100,000 ordinary shares (“Proposed Acquisition”) from Foresight Aim Sdn Bhd (“Foresight Aim”) representing 10% of the total issued share capital of Ajiya Safety Glass Sdn Bhd (“ASG”) for a purchase consideration of RM9,000,000 (“Purchase Consideration”) to be satisfied by cash. Upon completion of the acquisition, ASG will become a wholly-owned subsidiary of the Company.

Further details are set out in the attachment.

This announcement is made on 22 February 2024.




Please refer attachment below.



Announcement Info

Company Name AJIYA BERHAD
Stock Name AJIYA
Date Announced 22 Feb 2024
Category General Announcement for PLC
Reference Number GA1-22022024-00061