[SKPRES] Acquisitions on 09-Apr-2015

Announcement Date
09-Apr-2015
Listing Date
10-Apr-2015
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITIONS BY SKP RESOURCES BHD OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF PLASTICTECNIC (M) SDN BHD, SUN TONG SENG MOULD-TECH SDN BHD AND BANGI PLASTICS SDN BHD, ALL WHOLLY-OWNED SUBSIDIARIES OF TECNIC GROUP BERHAD, FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM200.0 MILLION TO BE SATISFIED VIDE THE ISSUANCE OF 172,413,793 NEW ORDINARY SHARES OF RM0.10 EACH IN SKP (“SKP SHARE(S)”) AT AN ISSUE PRICE OF RM0.58 PER SKP SHARE AND RM100.0 MILLION IN CASH
No. of shared issued
172,413,793
Issue Price
MYR 0.580
Par Value
MYR 0.100
Total NOSH
1,072,413,793
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