[SCIENTX]: SCIENTEX BERHAD

26-Nov-2012

EGM

19-Dec-2012 11:30

13-Dec-2012

Scientex Packaging Film Sdn Bhd, Lot 4, Jalan Sungai Pinang 4/3, Seksyen 4, Taman Perindustrian Pulau Indah, 42920 Pelabuhan Klang, Selangor Darul Ehsan.

Notice of Extraordinary General Meeting of Scientex Berhad for the proposed acquisition by Scientex Packaging Film Sdn Bhd, a wholly-owned subsidiary company of Scientex Berhad, of the entire issued and paid-up share capital of Great Wall Plastic Industries Berhad and GW Packaging Sdn Bhd, both wholly-owned subsidiary companies of GW Plastics Holdings Berhad, for a total purchase consideration of RM283.20 million to be satisfied entirely via cash.
Scientex Bhd - Notice of EGM.pdf
Scientex Bhd - Notice of EGM.pdf

PROPOSED ACQUISITION BY SCIENTEX PACKAGING FILM SDN BHD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF SCIENTEX BERHAD ("THE COMPANY"), OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF GREAT WALL PLASTIC INDUSTRIES BERHAD AND GW PACKAGING SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARY COMPANIES OF GW PLASTICS HOLDINGS BERHAD, FOR A TOTAL PURCHASE CONSIDERATION OF RM283.20 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITIONS")

We refer to the announcements dated 3 October 2012, 8 October 2012, 24 October 2012, 26 November 2012 and the Notice of Extraordinary General Meeting ("EGM") dated 27 November 2012 ("Notice") in relation to the Proposed Acquisitions.

The Board of Directors of the Company wishes to announce that the ordinary resolution as set out in the Notice was duly approved by the shareholders of the Company at the EGM held on 19 December 2012.

This announcement is dated 19 December 2012.

-