General Announcement for PLC

22/02/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MESTRON HOLDINGS BERHAD ("MHB" or "the Company") - ACQUISITION OF 806,000 ORDINARY SHARES REPRESENTING 10.0% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF WINSTAR ALUMINIUM MANUFACTURING SDN BHD

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 806,000 ORDINARY SHARES REPRESENTING 10.0% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF WINSTAR ALUMINIUM MANUFACTURING SDN BHD

(The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Company’s announcements made on 11 February 2022 and 17 February 2022 ("Announcements") in relation to the acquisition of 806,000 ordinary shares representing 10.0% of the total issued and paid-up share capital of Winstar Aluminium Manufacturing Sdn Bhd.)

 

Further to the Company's Announcements, the Board of Directors of MHB wishes to clarify that the Purchase Price of RM 6 million has been paid on 11 February 2022 upon execution of the SSPA. The Proposed Acquisition is expected to be completed within 95 days from the date of the SSPA (i.e. 11 February 2022), unless further extend for another 3 months pursuant to the Conditions Precedent as set out in the SSPA.

 

This announcement is dated 22 February 2022.



Announcement Info

Company Name MESTRON HOLDINGS BERHAD
Stock Name MESTRON
Date Announced 22 Feb 2022
Category General Announcement for PLC
Reference Number GA1-22022022-00083


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Date Title
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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
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