RGTECH

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS RADIANT GLOBALTECH BERHAD (“RGTECH” OR THE “COMPANY”) 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)”) (“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”)

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)”) (“ACQUISITION”)

We refer to the previous announcements and the circular to shareholders dated 28 October 2024 in relation to the Acquisition (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.

 

On behalf of the Board, UOBKH wishes to announce that the Initial Payment has been satisfied by RGTECH in the following manner:-

 

  1. the balance Cash Consideration of RM20.00 million was fully paid to the Vendor on 21 January 2025; and
  2. 30,303,000 Consideration Shares were issued at the Issue Price and allotted to the Vendor pursuant to the Acquisition and were listed and quoted on the ACE Market of Bursa Securities on 23 January 2025, hence marking the completion of the Acquisition on even date.

 

 

This announcement is dated 23 January 2025.



Announcement Info

Company Name RADIANT GLOBALTECH BERHAD
Stock Name RGTECH
Date Announced 23 Jan 2025
Category General Announcement for PLC
Reference Number GA1-23012025-00069


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