Additional Listing Announcement /Subdivision of Shares
29/08/2022Additional Listing Announcement /Subdivision of Shares
| ES CERAMICS TECHNOLOGY BHD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | ACQUISITION OF THE ENTIRE EQUITY INTEREST IN EVERMIX CONCRETE SDN BHD BY ES CERAMICS TECHNOLOGY BERHAD ("ES CERAMICS") (70%) AND ITS WHOLLY-OWNED SUBSIDIARY EUROCERAMIC TECHNOLOGIES CO. LTD (30%) FOR A TOTAL PURCHASE CONSIDERATION OF RM83,000,000 TO BE SATISFIED BY A COMBINATION OF CASH AND NEW ORDINARY SHARES IN ES CERAMICS ("ACQUISITION") |
| No. of shares issued under this corporate proposal | 21,875,000 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.3200 |
| Par Value($$) (if applicable) | Malaysian Ringgit (MYR) 0.000 |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 529,202,564 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 49,902,029.700 |
| Listing Date | 30 Aug 2022 |
| Remarks : |
The 21,875,000 Consideration Shares were allotted and issued pursuant to the Acquisition that was announced on 5 May 2022. |
Announcement Info
| Company Name | ES CERAMICS TECHNOLOGY BHD |
| Stock Name | ESCERAM |
| Date Announced | 29 Aug 2022 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-29082022-00009 |
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