General Announcement for PLC

08/12/2017

TRANSACTIONS (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 ("PROPOSED 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 ("PROPOSED 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 ("PROPOSED 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 ("PROPOSED ACQUISITION II")

(COLLECTIVELY, "ACQUISITIONS")

We refer to the announcements dated 2, 7, 30 November 2016, 28 April 2017, 11, 16, 30 October 2017, 15 November 2017, 4 and 7 December 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 Board of Directors of TDEX, TA Securities Holding Berhad wishes to announce that following the listing of 80,662,500 TDEX Shares on the ACE Market of Bursa Securities on 8 December 2017, all terms and conditions of the Idealseed SPA and SurfsTek SPA has been fulfilled. As such, the Acquisitions are deemed completed on 8 December 2017.

Accordingly, Idealseed and Surfstek R&D are now a 97% and 100%-owned subsidiary of TDEX respectively.

This announcement is dated 8 December 2017.



Announcement Info

Company Name TECHNODEX BHD
Stock Name TDEX
Date Announced 08 Dec 2017
Category General Announcement for PLC
Reference Number GA1-07122017-00039


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