[SEDANIA] Acquisitions on 19-Jul-2017

Stock
[SEDANIA]: SEDANIA INNOVATOR BERHAD
Announcement Date
19-Jul-2017
Listing Date
20-Jul-2017
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION BY SEDANIA INNOVATOR BERHAD ("SIB") OF THE ENTIRE EQUITY INTEREST IN SEDANIA AS SALAM SDN BHD FROM SEDANIA CORPORATION SDN BHD, FOR A PURCHASE CONSIDERATION OF RM12.00 MILLION TO BE SATISFIED BY A COMBINATION OF CASH AMOUNTING TO RM4.00 MILLION AND ALLOTMENT AND ISSUANCE OF 25,806,452 NEW ORDINARY SHARES IN SIB ("SIB SHARES") AT AN ISSUE PRICE OF RM0.31 PER SIB SHARE
No. of shared issued
25,806,452
Issue Price
Malaysian Ringgit (MYR) 0.310
Par Value
0.000
Total NOSH
225,806,452
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