General Announcement for PLC

28/05/2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY") PROPOSED DISPOSAL BY ADVENTA TO SYNERGY STERILISATION (M) SDN BHD ("SSMSB" OR "BUYER") OF ITS ENTIRE EQUITY INTEREST IN ELECTRON BEAM SDN. BHD. ("E-BEAM"), A WHOLLY-OWNED SUBSIDIARY OF ADVENTA ("PROPOSED E-BEAM DISPOSAL")

ADVENTA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY")

PROPOSED DISPOSAL BY ADVENTA TO SYNERGY STERILISATION (M) SDN BHD ("SSMSB" OR "BUYER") OF ITS ENTIRE EQUITY INTEREST IN ELECTRON BEAM SDN. BHD. ("E-BEAM"), A WHOLLY-OWNED SUBSIDIARY OF ADVENTA ("PROPOSED E-BEAM DISPOSAL")

This announcement is dated 28 May 2019 (“Announcement”).

 

On behalf of the Board of Directors of Adventa (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Adventa had on 28 May 2019, entered into a conditional share sale agreement (“SSA”) with SSMSB for the disposal of 100% equity interest held by Adventa in E-Beam (“Sale Shares”) to SSMSB for a total cash consideration of RM75.0 million, subject to the adjustments as set out in the SSA (“Consideration”).

 

Further details of the Proposed E-Beam Disposal are set out in the attachment.


Please refer attachment below.


Announcement Info

Company Name ADVENTA BERHAD
Stock Name ADVENTA
Date Announced 28 May 2019
Category General Announcement for PLC
Reference Number GA1-24052019-00105


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