Highlights

[WZSATU] Acquisitions on 04-Nov-2014


Stock [WZSATU]: WZ SATU BHD
Announcement Date 04-Nov-2014

Listing Date 05-Nov-2014
New type/class? No
Type Acquisitions
Details Acquisition of 5,000,000 ordinary shares of RM1.00 each in Misi Setia Oil & Gas Sdn Bhd (“Misi Setia”) representing 100% equity interest in Misi Setia for a purchase consideration of RM27.0 million, of which approximately RM16.2 million is satisfied in cash and the balance of approximately RM10.8 million is satisfied via the issuance of 10,588,235 new ordinary shares of RM0.50 each in WZ Satu Berhad (“Consideration Shares”) at an issue price of RM1.02 per Consideration Share
No. of shares issued 10,588,235
Issue Price MYR  1.020
Par Value MYR  0.500
Total NOSH 238,588,235


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