Additional Listing Announcement /Subdivision of Shares
26/07/2022Additional Listing Announcement /Subdivision of Shares
| XIN HWA HOLDINGS BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | PROPOSED ACQUISITION BY XIN HWA HOLDINGS BERHAD ("XHH") OF 355,500 ORDINARY SHARES IN MICRON METAL ENGINEERING SDN BHD ("MICRON"), REPRESENTING 79% EQUITY INTEREST IN MICRON, FROM HOON EEL AN, CHIA MING HOW AND SEE KAI MUN (COLLECTIVELY REFERRED TO AS THE "VENDORS") FOR A PURCHASE CONSIDERATION OF RM19,750,000, TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM16,750,000 AND ISSUANCE OF 10,507,881 ORDINARY SHARES IN XHH AT AN ISSUE PRICE OF RM0.2855 PER XHH SHARE AMOUNTING TO RM3,000,000, WITH A PUT OPTION GRANTED BY XHH TO THE VENDORS FOR THE SALE OF THE REMAINING 94,500 ORDINARY SHARES IN MICRON REPRESENTING 21% EQUITY INTEREST IN MICRON, FOR A CASH CONSIDERATION OF RM5,250,000 |
| No. of shares issued under this corporate proposal | 10,507,881 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.2855 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 255,657,879 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 120,904,774.000 |
| Listing Date | 27 Jul 2022 |
Announcement Info
| Company Name | XIN HWA HOLDINGS BERHAD |
| Stock Name | XINHWA |
| Date Announced | 26 Jul 2022 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-26072022-00006 |
Related Announcements for XINHWA
| Date | Title |
|---|---|
| 08/09/2021 | Additional Listing Announcement /Subdivision of Shares |
| 26/07/2021 | Additional Listing Announcement /Subdivision of Shares |
| 30/04/2021 | Additional Listing Announcement /Subdivision of Shares |
| 18/08/2020 | Additional Listing Announcement /Subdivision of Shares |