[IDEAL] Acquisitions on 15-Apr-2019

Stock
[IDEAL]: IDEAL CAPITAL BERHAD
Announcement Date
15-Apr-2019
Listing Date
16-Apr-2019
New Type/Class?
No
Type
Acquisitions
Details
PROPOSED ACQUISITION BY IUBI OF 20% EQUITY INTEREST IN MODULAR PLATINUM SDN BHD, THE ENTIRE EQUITY INTEREST IN IDEAL HOMES PROPERTIES SDN BHD AND THE ENTIRE EQUITY INTEREST IN PREMIUM FLAME DEVELOPMENT SDN BHD FROM TAN SRI DATUK OOI KEE LIANG AND PUAN SRI DATUK PHOR LI WEI (COLLECTIVELY, THE 'VENDORS') FOR A TOTAL PURCHASE CONSIDERATION OF RM191,468,000 (PROPOSED 'ACQUISITION');
No. of shared issued
73,555,000
Issue Price
Malaysian Ringgit (MYR) 1.000
Par Value
0.000
Total NOSH
184,023,402
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