General Announcement for PLC

18/03/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEXTAR INDUSTRIES BERHAD ("HIB" or "the Company") - ACQUISITION OF REMAINING EQUITY INTEREST IN PK FERTILIZERS (SARAWAK) SDN BHD

HEXTAR INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
HEXTAR INDUSTRIES BERHAD ("HIB" or "the Company")
- ACQUISITION OF REMAINING EQUITY INTEREST IN PK FERTILIZERS (SARAWAK) SDN BHD

The Board of Directors of HIB wishes to announce that the Company had on 18 March 2022 entered into a Share Purchase Agreement (“SPA” or “Agreement”) with Golden Barley International Pte Ltd (“Golden Barley”) to acquire the remaining 16.67% equity interest of PK Fertilizers (Sarawak) Sdn Bhd (“PKFS”), representing 3,000,000 ordinary shares in PKFS, for a consideration of USD1,500,000 (“Sale Shares”) (“Acquisition Consideration”) to be fully satisfied in cash (hereinafter referred to as the “Acquisition”).

 

Please refer to the attachment for further details of the Acquisition.

 

This announcement is dated 18 March 2022.


Please refer attachment below.


Announcement Info

Company Name HEXTAR INDUSTRIES BERHAD
Stock Name HEXIND
Date Announced 18 Mar 2022
Category General Announcement for PLC
Reference Number GA1-18032022-00012


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