Highlights

[IDEAL] Acquisitions on 15-Apr-2019


Stock [IDEAL]: IDEAL UNITED BINTANG INTERNATIONAL BHD
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 shares issued 73,555,000
Issue Price Malaysian Ringgit (MYR)  1.000
Par Value -   0.000
Total NOSH 184,023,402


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