General Announcement for PLC

28/04/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") EXTENSION OF HEADS OF AGREEMENT ("HOA") OF WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY OWNED SUB-SUBSIDIARY OF WIDAD, WITH PALM SHORE HOLDINGS SDN BHD ("PSHSB"), NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PSHSB

WIDAD GROUP BERHAD

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

EXTENSION OF HEADS OF AGREEMENT ("HOA") OF WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY OWNED SUB-SUBSIDIARY OF WIDAD, WITH PALM SHORE HOLDINGS SDN BHD ("PSHSB"), NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PSHSB

Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the earlier announcements dated 14 April 2021, 11 June 2021, 16 August 2021, 15 September 2021,14 October 2021,16 November 2021,14 December 2021,14 January 2022 and 13 April 2022 in relation to the HOA.

 

On behalf of the Board, M&A Securities wishes to announce that WCSB and the Vendors have mutually agreed to further extend the HOA from 28 April 2022 up to 16 May 2022 (“Expiry Date”).

 

Save as disclosed above, there are no other variations to the terms and conditions of the HOA.

 

This announcement is dated 28 April 2022.



Announcement Info

Company Name WIDAD GROUP BERHAD
Stock Name WIDAD
Date Announced 28 Apr 2022
Category General Announcement for PLC
Reference Number GA1-28042022-00073


Related Announcements for WIDAD
Date Title
16/08/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
15/08/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
09/08/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PALM SHORE HOLDINGS SDN BHD ("PSHSB") BY WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY OWNED SUBSIDIARY OF WIDAD FROM NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") ("VENDORS") (INCLUDING REPAYMENT OF VENDORS ADVANCES) FOR A TOTAL CONSIDERATION OF RM35.00 MILLION TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")
03/08/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
21/07/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 259,250,000 NEW ORDINARY SHARES IN WIDAD
19/05/2022 WIDAD GROUP BERHAD ("WIDAD") PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PALM SHORE HOLDINGS SDN BHD ("PSHSB") BY WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY OWNED SUBSIDIARY OF WIDAD (INCLUDING REPAYMENT OF VENDORS ADVANCES) FOR A TOTAL CONSIDERATION OF RM35.00 MILLION TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")
13/05/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PALM SHORE HOLDINGS SDN BHD ("PSHSB") BY WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY OWNED SUBSIDIARY OF WIDAD FROM NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") ("VENDORS") (INCLUDING REPAYMENT OF VENDORS ADVANCES) FOR A TOTAL CONSIDERATION OF RM35.00 MILLION TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")
21/04/2022 OTHERS PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
13/04/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") EXTENSION OF HEADS OF AGREEMENT ("HOA") OF WIDAD CAPITAL SDN BHD ("WCSB"), A WHOLLY OWNED SUB-SUBSIDIARY OF WIDAD, WITH PALM SHORE HOLDINGS SDN BHD ("PSHSB"), NAWAWI BIN TAMBY ("NBT") AND MOHD GHAUTH BIN MOHD YUSOFF ("MGY") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PSHSB
28/03/2022 OTHERS WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY") EXPIRY OF MEMORANDUM OF COLLABORATION BETWEEN WIDAD AND RINANI DYNAMIC SDN. BHD. IN RELATION TO THE DISTRIBUTION, MARKETING AND SALE OF ORAL TABLET CORONA VIRUS DISEASE 2019 (COVID-19) VACCINE KNOWN AS VXA-Cov2-1 DEVELOPED BY VAXART, INC AND OTHER VAXART, INC.'S PRODUCTS