MULTIPLE PROPOSALS SENI JAYA CORPORATION BERHAD ("SJC" OR THE "COMPANY") (I) PROPOSED UNILINK ACQUISITION; (II) PROPOSED VISION ACQUISITION; AND (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| SENI JAYA CORPORATION BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SENI JAYA CORPORATION BERHAD ("SJC" OR THE "COMPANY")
(I) PROPOSED UNILINK ACQUISITION;
(II) PROPOSED VISION ACQUISITION; AND
(III) PROPOSED PRIVATE PLACEMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
For consistency purposes, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 20 February 2025 in relation to the Proposed Unilink Acquisition and Proposed Vision Acquisition (“Announcement”), where applicable, unless stated otherwise or defined herein.
Reference is made to the Company’s announcements dated 20 February 2025 and 11 April 2025 in relation to the Proposed Unilink Acquisition and Proposed Vision Acquisition.
On behalf of the Board, Interpac wishes to announce that the Company had entered into the following agreements:-
(i) conditional share sale agreement between SJC and the Unilink Vendors for the proposed acquisition by SJC of the entire equity interest in Unilink from the Unilink Vendors for a purchase consideration of RM39,500,000 to be satisfied via a combination of cash payment of RM11,850,000 (“Unilink Cash Consideration”) and the remaining RM27,650,000 via the issuance of 87,500,000 new Shares (“Unilink Consideration Shares”) at an issue price of RM0.3160 per Unilink Consideration Share (“Unilink Purchase Consideration”) (“Unilink SSA”) (“Proposed Unilink Acquisition”); and
(ii) conditional share sale agreement between SJC and the Vision Vendors for the proposed acquisition by SJC of the entire equity interest in Vision from the Vision Vendors for a purchase consideration of RM18,350,000 to be satisfied entirely via the issuance of 58,069,620 new Shares (“Vision Consideration Shares”) at an issue price of RM0.3160 per Vision Consideration Share (“Vision Purchase Consideration”) (“Vision SSA”) (“Proposed Vision Acquisition”).
In addition to the Proposed Acquisitions, the Company also proposes to undertake a private placement of up to 64,064,000 new SJC Shares (“Placement Shares”), representing 30% of existing total number of issued Shares, to independent third-party investor(s) to be identified later at an issue price to be determined later (“Proposed Private Placement”).
The Proposed Acquisitions and the Proposed Private Placement shall collectively be referred to as the “Proposals”.
Please refer to the attachment for further details on the above.
This announcement is dated 20 June 2025. |
|
Please refer attachment below.
Announcement Info
| Company Name | SENI JAYA CORPORATION BERHAD |
| Stock Name | SJC |
| Date Announced | 20 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20062025-00063 |