[TONGHER] Acquisitions on 12-Oct-2016
Announcement Date
12-Oct-2016
Listing Date
13-Oct-2016
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Tong Herr Resources Berhad ("Tong Herr") of 3,899,213 ordinary shares of THB100 each in Tong Heer Fasteners (Thailand) Co., Ltd. ("THFT"), an existing 50.01%-owned subsidiary company of Tong Herr, representing approximately 49.99% of the equity interest in THFT, from All Star International Holdings Limited for a purchase consideration of RM60,500,000 satisfied via the combination of RM2,000,000 in cash and issuance of 30,000,000 new ordinary shares of RM1.00 each in Tong Herr ("Tong Herr Share(s)") at an issue price of RM1.95 per Tong Herr Share
No. of shared issued
30,000,000
Issue Price
Malaysian Ringgit (MYR) 1.950
Par Value
Malaysian Ringgit (MYR) 1.000
Total NOSH
157,430,000
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
