[KRONO] Acquisitions on 27-Apr-2018

Stock
[KRONO]: KRONOLOGI ASIA BERHAD
Announcement Date
27-Apr-2018
Listing Date
30-Apr-2018
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Kronologi Asia Berhad ("KAB") of the remaining 80% of the enlarged number of issued share of Quantum Storage (India) Pte. Ltd. ("QSI") comprising 1,120,000 ordinary shares in QSI, for a purchase consideration of up to RM26,000,000, to be satisfied via a combination of the issuance of up to 55,641,420 new ordinary shares in KAB ("Consideration Shares") at the issue price of RM0.1941 per Consideration Share and cash payment of up to RM15,200,000 ("Acquisition of QSI")
No. of shared issued
22,256,568
Issue Price
Malaysian Ringgit (MYR) 0.194
Par Value
0.000
Total NOSH
362,554,146
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