Additional Listing Announcement /Subdivision of Shares
| ECONFRAME BERHAD |
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 7,081,321 ordinary shares in Ivory Pearl Sdn. Bhd. ("IPSB"), representing the entire equity interest of IPSB, for a total purchase consideration of RM56,000,000, to be satisfied via cash consideration of RM46,672,545 and the remaining RM9,327,455 to be settled via the issuance and allotment of 16,500,000 new ordinary shares in Econframe Berhad ("Consideration Shares") at an issue price of RM0.5653 per Consideration Share |
| No. of shares issued under this corporate proposal | 16,500,000 |
| Issue price per share | Malaysian Ringgit (MYR) 0.5653 |
| Par Value (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 388,534,720 |
| Issued Share Capital | Malaysian Ringgit (MYR) 77,119,010.900 |
| Listing Date | 30 Jun 2025 |
Announcement Info
| Company Name | ECONFRAME BERHAD |
| Stock Name | EFRAME |
| Date Announced | 26 Jun 2025 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-25062025-00018 |