[SUNZEN] Acquisitions on 31-May-2021

Stock
[SUNZEN]: SUNZEN BIOTECH BHD
Announcement Date
31-May-2021
Listing Date
01-Jun-2021
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Sunzen Biotech Berhad ("Sunzen") of 2,000,000 Ordinary Shares in Finsource Solution Sdn. Bhd. (Formerly known as Save Solution Sdn. Bhd.) ("FSSB"), representing 100% of the equity interest in FSSB for a purchase consideration of RM6,800,000 to be wholly satisfied by the issuance and allotment of 41,212,121 new ordinary shares in Sunzen ("Sunzen Share(s)") at an issue price of RM0.165 per Sunzen Share
No. of shared issued
41,212,121
Issue Price
Malaysian Ringgit (MYR) 0.165
Par Value
0.000
Total NOSH
578,936,859
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