[ABLEGLOB] Acquisitions on 27-Oct-2011

Stock
[ABLEGLOB]: ABLE GLOBAL BERHAD
Announcement Date
27-Oct-2011
Listing Date
28-Oct-2011
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Johore Tin Berhad ("JTB") of the entire issued and paid-up share capital of Able Dairies Sdn Bhd comprising 1,500,000 ordinary shares of RM1.00 each from Kua Jin Guang @ Kau Kam Eng, Ng Keng Hoe, Lai Shin Lin and Lock Toh Peng for a purchase consideration of RM31,000,000 to be satisfied by cash amounting to RM27,000,000 and the issuance of 4,000,000 new ordinary shares of RM1.00 each in JTB ("JTB Shares") at an issue price of RM1.00 per JTB Share ("Acquisition")
No. of shared issued
4,000,000
Issue Price
MYR 1.000
Par Value
MYR 1.000
Total NOSH
69,979,000
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