[STRAITS] Acquisitions on 27-Sep-2018

Stock
[STRAITS]: STRAITS ENERGY RESOURCES BERHAD
Announcement Date
27-Sep-2018
Listing Date
28-Sep-2018
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Straits Inter Logistics Berhad ("Straits") of 55.0% equity interest in Tumpuan Megah Development Sdn Bhd, comprising 8,250,000 ordinary shares in Tumpuan Megah Development Sdn Bhd, for a purchase consideration of RM35,750,000 to be satisfied via a combination of cash consideration of RM7,800,000 and the issuance of 116,458,333 new ordinary shares of Straits ("Share(s)") at the issue price of RM0.24 per Share
No. of shared issued
116,458,333
Issue Price
Malaysian Ringgit (MYR) 0.240
Par Value
0.000
Total NOSH
556,723,151
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