General Announcement for PLC

22/07/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")

POWERWELL HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY")
- PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")

(Unless otherwise defined, the defined terms used in this announcement shall carry the same meaning as those defined in the announcements dated 20 May 2021 and 25 May 2021 in relation to the Proposed Acquisition (“Announcements”)).

 

We refer to the Announcements in relation to the Proposed Acquisition.

 

The Board of Directors of Powerwell is pleased to announce that the Proposed Acquisition has been completed today, 22 July 2021. 

 

This announcement is dated 22 July 2021.



Announcement Info

Company Name POWERWELL HOLDINGS BERHAD
Stock Name PWRWELL
Date Announced 22 Jul 2021
Category General Announcement for PLC
Reference Number GA1-22072021-00008


Related Announcements for PWRWELL
Date Title
04/08/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "THE COMPANY") PROPOSED VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO") OF POWERWELL
14/06/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "THE COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM94,116,600.00
30/05/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY") VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING
16/03/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM39,871,820.00
14/03/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM39,871,820.00
13/07/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM9,588,675.00
14/06/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO USD2.135 MILLION
25/05/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION") - ADDITIONAL INFORMATION
24/05/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY") EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO")
20/05/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")