General Announcement for PLC

03/09/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MESTRON HOLDINGS BERHAD ("MHB" or the "Company") - ACQUISITION OF 1,000,000 ORDINARY SHARES REPRESENTING 100.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LIZIZ BIOGAS SDN BHD BY MESTRON ENERGY SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MHB

MESTRON HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
MESTRON HOLDINGS BERHAD ("MHB" or the "Company")
- ACQUISITION OF 1,000,000 ORDINARY SHARES REPRESENTING 100.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LIZIZ BIOGAS SDN BHD BY MESTRON ENERGY SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MHB

The Board of Directors of MHB wishes to announce that its wholly-owned subsidiary, Mestron Energy Sdn Bhd [Registration No. 202101007762 (1408061-X)] (“MESB” or the “Purchaser”), had on 3 September 2021 entered into a Share Sale Agreement (“SSA”) with Maxcom Engineering Sdn Bhd [Registration No. 199501016391 (345593-M)] (“Maxcom” or “the Vendor”) to acquire 1,000,000 ordinary shares of Liziz Biogas Sdn Bhd [Registration No. 201801005407 (1267421-D)] (“Liziz”), representing 100.0% of the issued and paid-up share capital of Liziz (“Sale Shares”), from Maxcom for a cash consideration of RM3,000,000.00 (“Purchase Price”) (“the Proposed Acquisition”).

 

Upon completion of the Proposed Acquisition, Liziz will become a subsidiary of MESB and an indirect subsidiary of MHB.

 

Please refer to the attachments for further information.


This announcement is dated 3 September 2021.


Please refer attachment below.


Announcement Info

Company Name MESTRON HOLDINGS BERHAD
Stock Name MESTRON
Date Announced 03 Sep 2021
Category General Announcement for PLC
Reference Number GA1-03092021-00046


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