The Board of Directors of PESTECH wishes to announce that PESTECH had on 23 August 2013 entered into a Subscription Agreement with SET (Company No. ACN 138507392) (ABN 98138 507) for the acquisition of 1,060,665 ordinary shares of SET amounting to 51% of the total enlarged issued and paid-up share capital of SET ("Subscription Shares") for a total consideration of AUD1,060,665.00 or equivalent to RM3,162,903.00 (based on forward exchange rate contract locked in at AUD1:MYR2.982), subject to the terms and conditions as contained in the Subscription Agreement.
Please refer to the attachment for details of the announcement.
This announcement is dated 26 August 2013.