TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITIONS OF 15% EQUITY INTEREST IN DURAFARM SDN. BHD. ("DURAFARM") FOR A TOTAL CASH CONSIDERATION OF RM28,329,000.00
| WTK HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITIONS OF 15% EQUITY INTEREST IN DURAFARM SDN. BHD. ("DURAFARM") FOR A TOTAL CASH CONSIDERATION OF RM28,329,000.00 |
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The Board of Directors of W T K Holdings Berhad (“WTK” or “the Company”) wishes to announce that BioFarm Venture Sdn. Bhd., a wholly-owned subsidiary of WTK, had on 3 May 2024, entered into: (i) Shares Sale Agreement with Datuk Robert Lawson Chuat to acquire 1,575,000 ordinary shares in Durafarm, representing 11.25% equity interest in Durafarm, for a total cash consideration of RM21,246,750.00; and (ii) Shares Sale Agreement with Encik Edwin Ak Banta to acquire 525,000 ordinary shares in Durafarm, representing 3.75% equity interest in Durafarm, for a total cash consideration of RM7,082,250.00 (Collectively known as the "Proposed Acquisitions").
Further details of the Proposed Acquisitions are set out in the attachment.
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Please refer attachment below.
Announcement Info
| Company Name | WTK HOLDINGS BERHAD |
| Stock Name | WTK |
| Date Announced | 03 May 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03052024-00011 |