[KRONO] Acquisitions on 05-Oct-2016

Stock
[KRONO]: KRONOLOGI ASIA BERHAD
Announcement Date
05-Oct-2016
Listing Date
06-Oct-2016
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Kronologi Asia Berhad ("KAB") of the remaining 80% of the issued and paid-up share capital of Quantum Storage (India) Pte. Ltd. ("QSI") comprising 1,120,000 ordinary shares in QSI currently held by Quantum Storage (India) Limited, for a purchase consideration of up to RM26,000,000, to be satisfied via a combination of the issuance of up to 55,641,420 new ordinary shares of RM0.10 each in KAB ("Consideration Shares") at the issue price of RM0.1941 per Consideration Share and cash payment of up to RM15,200,000 ("Acquisition")
No. of shared issued
11,128,284
Issue Price
Malaysian Ringgit (MYR) 0.194
Par Value
Malaysian Ringgit (MYR) 0.100
Total NOSH
248,116,284
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