[STRAITS] Acquisitions on 21-Feb-2019

Stock
[STRAITS]: STRAITS ENERGY RESOURCES BERHAD
Announcement Date
21-Feb-2019
Listing Date
22-Feb-2019
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Straits Inter Logistics Berhad ("Straits") of 1,444,000 ordinary shares in Banle Energy International Limited ("Banle"), representing 38.0% equity interest in Banle for a purchase consideration of RM14,997,840 to be satisfied via issuance and allotment of 63,820,595 new ordinary shares of Straits ("Straits Share(s)") at the issue price of RM0.235 per Straits Share
No. of shared issued
63,820,595
Issue Price
Malaysian Ringgit (MYR) 0.235
Par Value
0.000
Total NOSH
624,158,246
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