[KRONO] Acquisitions on 31-Mar-2017

Stock
[KRONO]: KRONOLOGI ASIA BERHAD
Announcement Date
31-Mar-2017
Listing Date
03-Apr-2017
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 currently held by Quantum Storage (India) Limited, 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")
No. of shared issued
22,256,568
Issue Price
Malaysian Ringgit (MYR) 0.194
Par Value
Malaysian Ringgit (MYR) 0.000
Total NOSH
270,372,852
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