General Announcement for PLC

15/07/2022

PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION")

XOX BHD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-13072022-00001
Subject PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION")
Description 
XOX BHD
- PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD.
Query Letter Contents

We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022.
2) The justification for the purchase consideration of RM19,254,590.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing, 
Regulation

Cc : Market Surveillance Dept. , Securities Commission (via email)

Please refer to the attachement herein on the Company's reply to the Bursa's query. 

Please refer attachment below.


Announcement Info

Company Name XOX BHD
Stock Name XOX
Date Announced 15 Jul 2022
Category General Announcement for PLC
Reference Number GA1-15072022-00014


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