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Circular/Notice to Shareholders

SUNZEN BIOTECH BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED ACQUISITION OF 5,250,000 ORDINARY SHARES IN ECOLITE BIOTECH MANUFACTURING SDN BHD (ECOLITE), REPRESENTING 70% EQUITY INTEREST IN ECOLITE FROM CHUM MUN CUAN AND LIM POH CHUW, FOR A TOTAL PURCHASE CONSIDERATION OF RM12,050,360 TO BE WHOLLY SATISFIED BY THE ISSUANCE AND ALLOTMENT OF 40,848,678 NEW ORDINARY SHARES IN SUNZEN BIOTECH BERHAD (SUNZEN SHARES) AT AN ISSUE PRICE OF RM0.295 PER SUNZEN SHARE; (II) PROPOSED DIVERSIFICATION INTO THE MANUFACTURING AND TRADING OF TRADITIONAL CHINESE MEDICINES AND HERBAL HEALTH FOODS AND BEVERAGES; AND (III) PROPOSED RATIFICATION OF THE DIVERSIFICATION OF THE BUSINESS OF SUNZEN AND ITS SUBSIDIARIES INTO TRADING OF CRUDE PALM OIL AND DERIVATIVE PRODUCTS


Please refer attachment below.

Attachments

300418 - SUNZEN Circular.pdf
2.5 MB



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 30 Apr 2018
Category Document Submission
Reference Number DCS-30042018-00090




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