[ASIAPLY] Acquisitions on 05-Feb-2018

Stock
[ASIAPLY]: ASIA POLY HOLDINGS BHD
Announcement Date
05-Feb-2018
Listing Date
06-Feb-2018
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION OF 500,000 ORDINARY SHARES IN HIGH RESERVE LAND SDN BHD ("HRLSB"), REPRESENTING THE ENTIRE EQUITY INTEREST IN HRLSB FOR A PURCHASE CONSIDERATION OF RM14,800,000 TO BE SATISFIED VIA A COMBINATION OF RM8,000,000 IN CASH AND THE ISSUANCE OF 42,027,194 NEW ORDINARY SHARES IN ASIA POLY HOLDINGS BERHAD ("ASIA POLY SHARES") AT AN ISSUE PRICE OF RM0.1618 PER ASIA POLY SHARE ("ACQUISITION")
No. of shared issued
42,027,194
Issue Price
Malaysian Ringgit (MYR) 0.162
Par Value
0.000
Total NOSH
419,188,479
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