[SYSTECH] Acquisitions on 14-May-2024
Stock
Announcement Date
14-May-2024
Listing Date
15-May-2024
New Type/Class?
No
Type
Acquisitions
Details
Acquisition of 552,255 ordinary shares in Wilstech Sdn. Bhd. ("Wilstech"), representing the entire equity interest of Wilstech, for a total purchase consideration of RM75,000,000, which shall be satisfied via cash consideration of RM20,000,000 and the remaining RM55,000,000 settled via the issuance of 152,777,777 ordinary shares in Systech Bhd. at an issue price of RM0.36 each ("Acquisition")
No. of shared issued
152,777,777
Issue Price
Malaysian Ringgit (MYR) 0.360
Par Value
0.000
Total NOSH
644,485,597
Market Buzz
2024-11-21
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