[ELSOFT] Acquisitions on 02-Jun-2023

Stock
[ELSOFT]: ELSOFT RESEARCH BHD
Announcement Date
02-Jun-2023
Listing Date
06-Jun-2023
New Type/Class?
No
Type
Acquisitions
Details
Proposed acquisition of 30,000 ordinary shares in Xyrius Solutions Sdn Bhd ("Xyrius"), representing 100% equity interest in Xyrius for a total purchase consideration of RM10,100,000 to be satisfied via a combination of cash of RM500,000 and the balance of RM9,600,000 by the issuance of 16,000,000 new ordinary shares in Elsoft Research Berhad ("Consideration Share(s)") at an issue price of RM0.60 per Consideration Share ("Proposed Acquisition")
No. of shared issued
16,000,000
Issue Price
MYR 0.600
Par Value
0.000
Total NOSH
694,140,580
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