General Announcement for PLC

07/04/2021

MULTIPLE PROPOSALS PANSAR BERHAD ("PANSAR" OR THE "COMPANY") (I) ACQUISITION BY PANSAR OF THE ENTIRE EQUITY INTEREST IN PERBENA EMAS SDN BHD ("PESB") FROM PE HOLDINGS SDN BHD ("PE HOLDINGS") FOR A PURCHASE CONSIDERATION OF RM151,000,000 TO BE SATISFIED ENTIRELY IN CASH ("ACQUISITION"); AND (II) DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF PANSAR AND ITS SUBSIDIARIES TO INCLUDE CONSTRUCTION AND CIVIL ENGINEERING ("DIVERSIFICATION") (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

PANSAR BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
PANSAR BERHAD ("PANSAR" OR THE "COMPANY")

(I) ACQUISITION BY PANSAR OF THE ENTIRE EQUITY INTEREST IN PERBENA EMAS SDN BHD ("PESB") FROM PE HOLDINGS SDN BHD ("PE HOLDINGS") FOR A PURCHASE CONSIDERATION OF RM151,000,000 TO BE SATISFIED ENTIRELY IN CASH ("ACQUISITION"); AND

(II) DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF PANSAR AND ITS SUBSIDIARIES TO INCLUDE CONSTRUCTION AND CIVIL ENGINEERING ("DIVERSIFICATION")

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

We refer to the previous announcements and the circular to shareholders dated 30 November 2020 (“Circular”) in relation to the Corporate Exercises, as well as the announcement dated 6 April 2021 in relation to the Supplemental SPA and the SPA Amendments (“Announcement”). The terms used herein shall, unless the context otherwise states, have the same meaning as those defined in the Circular and the Announcement.

 

The Board of Pansar wishes to inform that the Supplemental SPA and the SPA Amendments are not deemed as material variations to the Acquisition pursuant to Paragraph 8.22 of the Main Market Listing Requirements of Bursa Securities. In this regard, shareholders’ approval is not required for the SPA Amendments.

 

This announcement is dated 7 April 2021.



Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR
Date Announced 07 Apr 2021
Category General Announcement for PLC
Reference Number GA1-07042021-00053


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