Additional Listing Announcement /Subdivision of Shares
| ES CERAMICS TECHNOLOGY BHD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | ACQUISITION OF THE ENTIRE EQUITY INTEREST IN EVERMIX CONCRETE SDN BHD BY ES CERAMICS TECHNOLOGY BERHAD (70%) AND ITS WHOLLY-OWNED SUBSIDIARY EUROCERAMIC TECHNOLOGIES CO., LTD (30%) FOR A TOTAL PURCHASE CONSIDERATION OF RM83,000,000 SATISFIED BY A COMBINATION OF CASH AND NEW ORDINARY SHARES ("CONSIDERATION SHARES") IN ES CERAMICS ("ACQUISITION") |
| No. of shares issued under this corporate proposal | 34,375,000 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.3200 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 707,114,489 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 89,487,914.700 |
| Listing Date | 08 Oct 2024 |
| Remarks : |
The remaining 34,375,000 Consideration Shares were allotted and issued pursuant to the Acquisition that was announced on 5 May 2022. The listing of the remaining 34,375,000 Consideration Shares signifies the fulfilment of the profit guarantee of Evermix Concrete Sdn Bhd that achieved a cumulative profit after tax of more than RM11,000,000 for the FYE 31 May 2023 and FYE 31 May 2024, collectively, pursuant to the Acquisition. |
Announcement Info
| Company Name | ES CERAMICS TECHNOLOGY BHD |
| Stock Name | ESCERAM |
| Date Announced | 07 Oct 2024 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-06102024-00002 |