Document Submission
21/12/2020Circular/Notice to Shareholders
| SEDANIA INNOVATOR BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A (I) PROPOSED ACQUISITION OF 1,530,000 ORDINARY SHARES IN OFFSPRING INC SDN BHD FROM SEDANIA CORPORATION SDN BHD, REPRESENTING 51% OF THE EQUITY INTEREST IN OFFSPRING, FOR A TOTAL PURCHASE CONSIDERATION OF RM15,116,400 TO BE FULLY SATISFIED BY CASH; AND (II) PROPOSED DIVERSIFICATION OF SIB AND ITS SUBSIDIARIES TO INCLUDE THE FOLLOWING BUSINESS ACTIVITIES: A. CONSUMER PRODUCTS SPECIALISING IN HEALTHCARE, PERSONAL CARE, HOUSEHOLD AS WELL AS BABY AND CHILDCARE PRODUCTS; AND B. HEALTH TECHNOLOGIES SPECIALISING IN PREVENTIVE HEALTHCARE TECHNOLOGY SOLUTIONS (COLLECTIVELY, THE "PROPOSALS") ; PART B INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF SIB IN RELATION TO THE PROPOSALS |
Please refer attachment below.
Attachments |
Announcement Info
| Company Name | SEDANIA INNOVATOR BERHAD |
| Stock Name | SEDANIA |
| Date Announced | 21 Dec 2020 |
| Category | Document Submission |
| Reference Number | DCS-18122020-00027 |
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