[KRETAM] Acquisitions on 29-Dec-2011

Stock
[KRETAM]: KRETAM HOLDINGS BHD
Announcement Date
29-Dec-2011
Listing Date
30-Dec-2011
New Type/Class?
No
Type
Acquisitions
Details
Acquisition of the entire equity interest in Green Edible Oil Sdn Bhd for a purchase consideration of RM92.0 million to be satisfied by the issuance of 30,521,739 new ordinary shares of RM1.00 each in Kretam Holdings Berhad (“KHB”) (“Consideration Shares”) and 9,478,261 new irredeemable convertible preference shares of RM1.00 each in KHB (“ICPS”) at an issue price of RM2.30 per Consideration Share/ICPS (“GEO Acquisition”)
No. of shared issued
30,521,739
Issue Price
MYR 2.300
Par Value
MYR 1.000
Total NOSH
365,525,427
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