[TDEX] Acquisitions on 07-Dec-2017

Stock
[TDEX]: TECHNODEX BHD
Announcement Date
07-Dec-2017
Listing Date
08-Dec-2017
New Type/Class?
No
Type
Acquisitions
Details
(I) ACQUISITION OF AN ADDITIONAL 42% EQUITY INTEREST BY TDEX IN IDEALSEED RESOURCES SDN BHD ("IDEALSEED") FOR A TOTAL PURCHASE CONSIDERATION OF RM2,677,500 ("ACQUISITION I"); AND (II) ACQUISITION OF THE REMAINING 50% EQUITY INTEREST IN SURFSTEK RESOURCES (R&D) SDN BHD ("SURFSTEK R&D") BY TDEX FOR A TOTAL PURCHASE CONSIDERATION OF RM13,455,000 ("ACQUISITION II") (COLLECTIVELY " ACQUISITIONS")
No. of shared issued
80,662,500
Issue Price
Malaysian Ringgit (MYR) 0.200
Par Value
0.000
Total NOSH
494,095,790
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