General Announcement for PLC

27/07/2022

MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. ACQUISITION; AND II. DIVERSIFICATION

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY")

I. ACQUISITION; AND
II. DIVERSIFICATION

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Corporate Exercises.

We refer to the earlier announcements dated 10 May 2022, 24 May 2022, 9 June 2022 and 26 July 2022 in relation to the Acquisition.

On behalf of the Board, UOBKH wishes to announce that all conditions precedent pursuant to the SSA have been fulfilled, and that the payment for the balance purchase consideration (comprising balance cash payment of RM14,250,000 and issuance and allotment of 10,507,881 Consideration Shares) has been fully effected and vested in favour of the Vendors as at 26 July 2022. Pursuant thereto, the Acquisition is deemed completed on 26 July 2022.

Further, a total of 10,507,881 Consideration Shares were listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on 27 July 2022.

 

This announcement is dated 27 July 2022.



Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 27 Jul 2022
Category General Announcement for PLC
Reference Number GA1-27072022-00054


Related Announcements for XINHWA
Date Title
09/06/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
24/05/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
10/05/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
01/04/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
21/10/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") DISPOSAL BY XIN HWA TRADING & TRANSPORT SDN BHD ("XHTT" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF XHH OF THE SUBJECT PROPERTIES (AS DEFINED HEREIN) TO RHB TRUSTEES BERHAD ACTING AS THE TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") ("RHB TRUSTEES" OR THE "PURCHASER"), FOR A TOTAL DISPOSAL CONSIDERATION OF RM75,000,000 TO BE SATISFIED ENTIRELY IN CASH, AND THE SUBSEQUENT LEASEBACK OF THE SUBJECT PROPERTIES BY XHTT
15/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF XHH (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME ("ESOS")
04/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
27/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
09/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
03/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT