[HANDAL] Acquisitions on 09-Aug-2019
Announcement Date
09-Aug-2019
Listing Date
13-Aug-2019
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Handal Energy Berhad (formerly known as Handal Resources Berhad) ("Handal") of 408,000 ordinary shares in Borneo Seaoffshore Engineering Sdn Bhd ("BSOE"), representing 51.0% equity interest in BSOE for a purchase consideration of RM25,500,000 to be satisfied via issuance and allotment of 42,857,100 new ordinary shares in Handal ("Handal Share(s)") at the issue price of RM0.37 per Handal Share and issuance and allotment of 26,061,819 new irredeemable convertible preference shares ("ICPS") in Handal at an issue price of RM0.37 per ICPS.
No. of shared issued
42,857,100
Issue Price
Malaysian Ringgit (MYR) 0.370
Par Value
0.000
Total NOSH
218,826,000
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listing of42857100 acquisition shares@37sen today13-8-19
2019-08-14 18:15