Document Submission
17/06/2022Circular/Notice to Shareholders
| XIN HWA HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) 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 ("PROPOSED ACQUISITION); AND (II) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF XHH AND ITS SUBSIDIARIES TO INCLUDE THE MANUFACTURING OF PRECISION MACHINING COMPONENTS AND PARTS ("PROPOSED DIVERSIFICATION") |
Please refer attachment below.
Attachments |
Announcement Info
| Company Name | XIN HWA HOLDINGS BERHAD |
| Stock Name | XINHWA |
| Date Announced | 17 Jun 2022 |
| Category | Document Submission |
| Reference Number | DCS-17062022-00006 |
Related Announcements for XINHWA
| Date | Title |
|---|---|
| 29/07/2022 | Annual Report & CG Report |
| 30/08/2021 | Annual Report & CG Report |
| 08/07/2021 | Annual Audited Accounts |
| 04/06/2021 | Circular/Notice to Shareholders |
| 08/12/2020 | Circular/Notice to Shareholders |
| 28/08/2020 | Annual Report & CG Report |
| 31/07/2019 | Annual Report & CG Report |
| 30/07/2018 | Annual Report & CG Report |
| 28/07/2017 | Annual Report |
| 30/11/2016 | Circular/Notice to Shareholders |