[HANDAL]: HANDAL ENERGY BERHAD

09-Aug-2019

13-Aug-2019

No

Acquisitions

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.

42,857,100

Malaysian Ringgit (MYR) 0.370

0.000

218,826,000