[SCOMNET]: SUPERCOMNET TECHNOLOGIES BHD

13-Apr-2018

16-Apr-2018

No

Acquisitions

SUPERCOMNET TECHNOLOGIES BERHAD ("STB" OR "COMPANY") (I) PROPOSED ACQUISITION OF 8,000,000 ORDINARY SHARES IN SUPERCOMAL MEDICAL PRODUCTS SDN. BHD. ("SMP"), REPRESENTING THE REMAINING 80.00% EQUITY INTEREST IN SMP NOT OWNED BY STB, FOR A TOTAL CONSIDERATION OF RM80,000,000 TO BE SATISFIED VIA THE ISSUANCE OF 400,000,000 CONSIDERATION SHARES AND CASH OF RM4,000,000 ("PROPOSED ACQUISITION"); AND (II) PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS FOR SHIUE, JONG-ZONE AND PERSONS ACTING IN CONCERT WITH HIM, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER TO ACQUIRE THE REMAINING ORDINARY SHARES IN STB NOT ALREADY OWNED BY THEM AFTER THE PROPOSED ACQUISITION ("PROPOSED EXEMPTION").

400,000,000

Malaysian Ringgit (MYR) 0.190

0.000

643,000,000