[BINTAI] Acquisitions on 29-Nov-2021

Stock
[BINTAI]: BINTAI KINDEN CORPORATION BHD
Announcement Date
29-Nov-2021
Listing Date
30-Nov-2021
New Type/Class?
No
Type
Acquisitions
Details
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN JOHNSON MEDICAL INTERNATIONAL SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM50,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM26,000,000 AND THE REMAINING PURCHASE CONSIDERATION OF RM24,000,000 TO BE SATISFIED VIA THE ISSUANCE AND ALLOTMENT OF 58,536,600 NEW ORDINARY SHARES IN BINTAI (BINTAI SHARE(S) OR SHARE(S)) AT THE ISSUE PRICE OF RM0.41 PER SHARE ("PROPOSED ACQUISITION")
No. of shared issued
58,536,600
Issue Price
Malaysian Ringgit (MYR) 0.410
Par Value
0.000
Total NOSH
554,995,840
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