General Announcement for PLC

12/07/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD.

XOX BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
XOX BHD
- PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD.

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 12 July 2022 entered into a Share Sale Agreement (“SSA/the Agreement”) with Muar Ban Lee Group Berhad (“the Seller”) for the proposed acquisition of 2 ordinary shares (“Sale Shares”) in Theron Holdings Sdn. Bhd. (“Theron”), representing 100% of the total issued and paid up share capital of Theron, for a total a total purchase consideration of RM19,254,590.00 only (“Purchase Consideration”) (“Proposed Acquisition”). 

 

Further details of the Proposed Acquisition are set out in the attachment herein.

 

This announcement is dated 12 July 2022.


Please refer attachment below.


Announcement Info

Company Name XOX BHD
Stock Name XOX
Date Announced 12 Jul 2022
Category General Announcement for PLC
Reference Number GA1-12072022-00051


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