[SCABLE] Acquisitions on 30-Dec-2014
Announcement Date
30-Dec-2014
Listing Date
31-Dec-2014
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION OF 100% EQUITY INTEREST IN UNIVERSAL CABLE (M) BERHAD AND LEADER CABLE INDUSTRY BERHAD FROM HNG CAPITAL SDN BHD FOR A PURCHASE CONSIDERATION OF RM210,000,000 TO BE SATISFIED VIA CASH PAYMENT OF RM110,324,320, ASSUMPTION OF LIABILITIES OF RM49,600,000 AND THE ISSUANCE OF 37,600,000 NEW ORDINARY SHARES OF RM0.50 EACH (“SHARES”) IN SARAWAK CABLE BERHAD (“SCB”) (“CONSIDERATION SHARES”) AT AN ISSUE PRICE OF RM1.3318 PER SCB SHARE (“ACQUISITIONS”)
No. of shared issued
37,600,000
Issue Price
MYR 1.332
Par Value
MYR 0.500
Total NOSH
317,050,000
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