[CIHLDG] Acquisitions on 25-Apr-2014

Stock
[CIHLDG]: C.I. HOLDINGS BHD
Announcement Date
25-Apr-2014
Listing Date
28-Apr-2014
New Type/Class?
No
Type
Acquisitions
Details
PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CONTINENTAL RESOURCES SDN BHD (“CRSB”), COMPRISING 1,800,000 ORDINARY SHARES OF RM1.00 EACH IN CRSB, FOR A PURCHASE CONSIDERATION OF RM42.0 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 20,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN C.I. HOLDINGS BERHAD (“CIH”) (“CIH SHARES”) AT AN ISSUE PRICE OF RM1.10 PER CIH SHARE AND THE REMAINING RM20.0 MILLION IN CASH (“PROPOSED ACQUISITION”)
No. of shared issued
20,000,000
Issue Price
MYR 1.100
Par Value
MYR 0.500
Total NOSH
162,000,000
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