TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY") PROPOSED ACQUISITION BY RGTECH OF 80% EQUITY INTEREST IN RYMNET SOLUTIONS SDN BHD FOR A PURCHASE CONSIDERATION OF RM52.50 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION AND ISSUANCE OF 30,303,000 NEW ORDINARY SHARES IN RGTECH ("RGTECH SHARE(S)" OR "SHARE(S)") ("PROPOSED ACQUISITION")
| RADIANT GLOBALTECH BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY")
PROPOSED ACQUISITION BY RGTECH OF 80% EQUITY INTEREST IN RYMNET SOLUTIONS SDN BHD FOR A PURCHASE CONSIDERATION OF RM52.50 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION AND ISSUANCE OF 30,303,000 NEW ORDINARY SHARES IN RGTECH ("RGTECH SHARE(S)" OR "SHARE(S)") ("PROPOSED ACQUISITION") |
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We refer to the announcements dated 12 July 2024, 9 August 2024, 9 September 2024 and 25 September 2024 in relation to the Proposed Acquisition. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 17 October 2024, resolved to approve the listing and quotation of 30,303,000 Consideration Shares to be issued pursuant to the Proposed Acquisition.
The approval granted by Bursa Securities for the Proposed Acquisition is subject to the following conditions:-
This announcement is dated 18 October 2024. |
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Announcement Info
| Company Name | RADIANT GLOBALTECH BERHAD |
| Stock Name | RGTECH |
| Date Announced | 18 Oct 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18102024-00048 |