ANCOMLB

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OTHERS HEADS OF AGREEMENT ENTERED INTO BETWEEN ANCOM LOGISTICS BERHAD AND ANCOM NYLEX BERHAD WITH GREENHEART SDN BHD, CHOONG WEE KEONG AND HOW YOON FOR

ANCOM LOGISTICS BERHAD

Type Announcement
Subject OTHERS
Description
HEADS OF AGREEMENT ENTERED INTO BETWEEN ANCOM LOGISTICS BERHAD AND ANCOM NYLEX BERHAD WITH GREENHEART SDN BHD, CHOONG WEE KEONG AND HOW YOON FOR

The Board of Directors of Ancom Logistics Berhad (“ALB or the "Company”) wishes to announce that on 22 April 2024, ALB and its holding company, Ancom Nylex Berhad ("ANB"), 

had entered into a Heads of Agreement (“HOA”) with Greenheart Sdn Bhd ("GSB"), Choong Wee Keong ("CWK")  and How Yoon For ("HYF") relating to the following :

 

(GSB, CWK and HYF shall be collectively referred to as “Vendors”)

 

  1. proposed acquisition by ALB of the entire share capital of Green Lagoon Technology Sdn Bhd (“GLTSB”) for total consideration of RM120,000,000;
  2. proposed exemption under subparagraph 4.08(1)(a) of the Rules on Take-overs, Mergers and Compulsory Acquisitions to the Vendors, other shareholders of GLTSB and their person(s) acting in concert under Sections 216(2) and 216(3) of the Capital Markets and Services Act 2007;
  3. proposed private placement of up to 183,333,334 new ALB Shares (or such other number of new ALB Shares as may be applicable) to ANB for the total sum of up to RM22,000,000.08 at an issue price of RM0.12 per ALB Share
  4. proposed disposal by ALB of all of its subsidiaries.

(collectively referred to as “Proposals”)

 

Further details of the Proposals and the salient terms of the HOA are stated in the file attached.

 

This announcement is dated 22 April 2024.




Please refer attachment below.

Attachments

ALB_Announcement_HOA.pdf
198.0 kB



Announcement Info

Company Name ANCOM LOGISTICS BERHAD
Stock Name ANCOMLB
Date Announced 22 Apr 2024
Category General Announcement for PLC
Reference Number GA1-22042024-00070