TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SKYGATE SOLUTIONS BERHAD (FORMERLY KNOWN AS EWEIN BERHAD) ('SKYGATE" OR "THE COMPANY") ACQUISITION OF SALE SHARES AMOUNTING TO 51% EQUITY IN LEADER RANGE TECHNOLOGY SDN BHD ("LRT") FOR A PURCHASE CONSIDERATION OF RM10,710,000 TO BE SATISFIED VIA CASH
| SKYGATE SOLUTIONS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SKYGATE SOLUTIONS BERHAD (FORMERLY KNOWN AS EWEIN BERHAD) ('SKYGATE" OR "THE COMPANY")
ACQUISITION OF SALE SHARES AMOUNTING TO 51% EQUITY IN LEADER RANGE TECHNOLOGY SDN BHD ("LRT") FOR A PURCHASE CONSIDERATION OF RM10,710,000 TO BE SATISFIED VIA CASH |
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The Board of Directors of Skygate (“Board”) wishes to announce that on 15 April 2025 Skygate signed a share sale agreement with Ong Chee Fui (“Mr. Ong”), Kumpulan Modal Perdana Sdn Bhd (“KMP”), E&E Catalyst Sdn Bhd (“E&E”) and E&E Catalyst II Sdn Bhd (“E&E II”) for the acquisition of 255,003 ordinary shares in LRT (“Ordinary Shares”) and 9,999,999 redeemable convertible preference shares in LRT (“RCPS”) (collectively referred to as “Sale Shares”) for a purchase consideration of RM10,710,000 (“Purchase Consideration”) to be satisfied entirely via cash (“SSA”).
Please refer to the attachment for further details of the Acquisition.
This announcement is dated 15 April 2025.
Please refer attachment below. |
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Please refer attachment below.
Announcement Info
| Company Name | SKYGATE SOLUTIONS BERHAD |
| Stock Name | SKYGATE |
| Date Announced | 15 Apr 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08042025-00033 |