General Announcement for PLC

28/04/2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TECHNODEX BERHAD ("TDEX" OR "THE COMPANY") (I) PROPOSED 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) PROPOSED 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, THE "PROPOSED ACQUISITIONS")

TECHNODEX BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
TECHNODEX BERHAD ("TDEX" OR "THE COMPANY") 

(I) PROPOSED 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) PROPOSED 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, THE "PROPOSED ACQUISITIONS")

We refer to the announcements dated 2, 7, and 30 November 2016 in relation to the Proposed 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 have mutually agreed to extend the Cut-off Date to fulfil the Conditions Precedent in both the Idealseed SPA and SurfsTek SPA by an additional six (6) months up to 1 November 2017.

All other terms and conditions of the Idealseed SPA and SurfsTek SPA shall remain unchanged.

This announcement is dated 28 April 2017.



Announcement Info

Company Name TECHNODEX BHD
Stock Name TDEX
Date Announced 28 Apr 2017
Category General Announcement for PLC
Reference Number GA1-28042017-00126


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