[SUNZEN] Acquisitions on 12-Jun-2018

Stock
[SUNZEN]: SUNZEN BIOTECH BHD
Announcement Date
12-Jun-2018
Listing Date
13-Jun-2018
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION OF 5,250,000 ORDINARY SHARES IN ECOLITE BIOTECH MANUFACTURING SDN BHD ("ECOLITE"), REPRESENTING 70% EQUITY INTEREST IN ECOLITE, FOR A TOTAL PURCHASE CONSIDERATION OF RM12,050,360 TO BE WHOLLY SATISFIED BY THE ISSUANCE AND ALLOTMENT OF 40,848,678 NEW ORDINARY SHARES IN SUNZEN BIOTECH BERHAD ("SUNZEN SHARES") AT AN ISSUE PRICE OF RM0.295 PER SUNZEN SHARE
No. of shared issued
40,848,678
Issue Price
Malaysian Ringgit (MYR) 0.295
Par Value
0.000
Total NOSH
523,421,325
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