General Announcement for PLC
04/12/2017TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TECHNODEX BERHAD ("TDEX" OR "COMPANY") (I) ACQUISITION OF AN ADDITIONAL 42% EQUITY INTEREST BY TDEX IN IDEALSEED RESOURCES SDN BHD ("IDEALSEED") FOR A TOTAL PURCHASE CONSIDERATION OF RM2,677,500 ("ACQUISITION I"); AND (II) ACQUISITION OF THE REMAINING 50% EQUITY INTEREST IN SURFSTEK RESOURCES (R&D) SDN BHD ("SURFSTEK R&D") BY TDEX FOR A TOTAL PURCHASE CONSIDERATION OF RM13,455,000 ("ACQUISITION II") (COLLECTIVELY, " ACQUISITIONS")
| TECHNODEX BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TECHNODEX BERHAD ("TDEX" OR "COMPANY")
(I) ACQUISITION OF AN ADDITIONAL 42% EQUITY INTEREST BY TDEX IN IDEALSEED RESOURCES SDN BHD ("IDEALSEED") FOR A TOTAL PURCHASE CONSIDERATION OF RM2,677,500 ("ACQUISITION I"); AND
(II) ACQUISITION OF THE REMAINING 50% EQUITY INTEREST IN SURFSTEK RESOURCES (R&D) SDN BHD ("SURFSTEK R&D") BY TDEX FOR A TOTAL PURCHASE CONSIDERATION OF RM13,455,000 ("ACQUISITION II")
(COLLECTIVELY, " ACQUISITIONS") |
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We refer to the announcements dated 2, 7, 30 November 2016, 28 April 2017, 11, 16, 30 October 2017 and 15 November 2017 in relation to the Acquisitions (“Announcements”). Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Company’s Announcements. On behalf of the Company, TA Securities Holdings Berhad wishes to announce that TDEX and the vendors of Idealseed and SurfsTek R&D had on 30 November 2017 mutually agreed to further extend the Completion Date for the Acquisitions by an additional twenty-one (21) days from the initial fourteen (14) days from the date where all the conditions precedent are satisfied and all approvals obtained remain valid and subsisting. In this regard, the Completion Date shall now be thirty-five (35) days from 21 November 2017, being the date where all conditions precedent are satisfied and all approvals obtained remain valid and subsisting. All other terms and conditions of the Idealseed SPA and SurfsTek SPA shall remain unchanged. This announcement is dated 4 December 2017. |
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Announcement Info
| Company Name | TECHNODEX BHD |
| Stock Name | TDEX |
| Date Announced | 04 Dec 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04122017-00135 |