[PRG] Acquisitions on 28-Nov-2019
Announcement Date
28-Nov-2019
Listing Date
29-Nov-2019
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION BY PRG AGRO SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PRG HOLDINGS BERHAD, OF 2 PARCELS OF AGRICULTURE LAND PLANTED WITH TEAK TREES IN KELANTAN, MALAYSIA FROM ALIFYA FORESTRY SDN BHD FOR A PURCHASE CONSIDERATION OF RM89,200,000 TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION OF RM59,200,000 AND THE ISSUANCE OF 40,295,500 CONSIDERATION SHARES AT AN ISSUE PRICE OF RM0.7445 EACH (RM30,000,000) ("ACQUISITION")
No. of shared issued
40,295,500
Issue Price
Malaysian Ringgit (MYR) 0.745
Par Value
0.000
Total NOSH
403,300,521
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