General Announcement for PLC

12/08/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HEXTAR INDUSTRIES BERHAD ("HIB" OR THE "COMPANY") (A) PROPOSED ACQUISITION BY HIB FROM HEXTAR HOLDINGS SDN BHD OF 100% EQUITY INTEREST IN HEXTAR FERTILIZERS LIMITED FOR A TOTAL PURCHASE CONSIDERATION OF RM480.0 MILLION; AND (B) PROPOSED OFFER FOR SALE OF SUCH NUMBER OF CONSIDERATION SHARES TO INVESTORS TO BE IDENTIFIED (COLLECTIVELY, THE "PROPOSALS")

HEXTAR INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
HEXTAR INDUSTRIES BERHAD ("HIB" OR THE "COMPANY")

(A) PROPOSED ACQUISITION BY HIB FROM HEXTAR HOLDINGS SDN BHD OF 100% EQUITY INTEREST IN HEXTAR FERTILIZERS LIMITED FOR A TOTAL PURCHASE CONSIDERATION OF RM480.0 MILLION; AND
(B) PROPOSED OFFER FOR SALE OF SUCH NUMBER OF CONSIDERATION SHARES TO INVESTORS TO BE IDENTIFIED

(COLLECTIVELY, THE "PROPOSALS")

Reference is made to the announcement on 8 August 2022 in relation to the Proposals ("Announcement”).

 

On behalf of the Company, M&A Securities Sdn Bhd wishes to announce that the additional listing application for the Proposed Acquisition (which includes the draft Circular for the Proposals) was submitted to Bursa Malaysia Securities Berhad on 12 August 2022.

 

This announcement is dated 12 August 2022.



Announcement Info

Company Name HEXTAR INDUSTRIES BERHAD
Stock Name HEXIND
Date Announced 12 Aug 2022
Category General Announcement for PLC
Reference Number GA1-12082022-00038


Related Announcements for HEXIND
Date Title
25/08/2022 OTHERS HEXTAR INDUSTRIES BERHAD ("HIB" OR "THE COMPANY") - APPLICATION FOR EXTENSION OF TIME TO HOLD THE ELEVENTH ANNUAL GENERAL MEETING TO BE HELD IN YEAR 2023 PURSUANT TO SECTION 340 OF THE COMPANIES ACT 2016
22/08/2022 OTHERS HEXTAR INDUSTRIES BERHAD ("HIB" OR "THE COMPANY") - APPLICATION FOR EXTENSION OF TIME TO HOLD THE ELEVENTH ANNUAL GENERAL MEETING TO BE HELD IN YEAR 2023 PURSUANT TO SECTION 340 OF THE COMPANIES ACT 2016
08/08/2022 OTHERS HEXTAR INDUSTRIES BERHAD ("HIB" OR "THE COMPANY") - Press Release: Hextar Industries Berhad to expand its Fertiliser business with acquisition of 100% equity interest in Hextar Fertilizer Limited Group for RM480 million
08/08/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HEXTAR INDUSTRIES BERHAD ("HIB" OR THE "COMPANY") (A) PROPOSED ACQUISITION BY HIB FROM HEXTAR HOLDINGS SDN BHD OF 100% EQUITY INTEREST IN HEXTAR FERTILIZERS LIMITED FOR A TOTAL PURCHASE CONSIDERATION OF RM480.0 MILLION; AND (B) PROPOSED OFFER FOR SALE OF SUCH NUMBER OF CONSIDERATION SHARES TO INVESTORS TO BE IDENTIFIED
22/07/2022 OTHERS HEXTAR INDUSTRIES BERHAD ("HIB" OR "THE COMPANY") VALUATION ON NON-CURRENT ASSETS
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
09/02/2022 OTHERS HEXTAR INDUSTRIES BERHAD (FORMERLY KNOWN AS SCH GROUP BERHAD) ("HIB" or "the Company") Change of Venue of the Tenth Annual General Meeting ("10th AGM") from the Broadcast Venue to the fully virtual Online Meeting Platform
10/12/2021 OTHERS HEXTAR INDUSTRIES BERHAD (FORMERLY KNONW AS SCH GROUP BERHAD) ("HIB" or "the Company") - Proposed New and Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate")
29/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HEXTAR INDUSTRIES BERHAD (FORMERLY KNOWN AS SCH GROUP BERHAD) ("HEXTAR INDUSTRIES" OR "COMPANY") RIGHTS ISSUE
21/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HEXTAR INDUSTRIES BERHAD (FORMERLY KNOWN AS SCH GROUP BERHAD) ("HEXTAR INDUSTRIES" OR "COMPANY") RIGHTS ISSUE