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OTHERS SUNZEN BIOTECH BERHAD ("SUNZEN" OR "THE COMPANY") - PROPOSED ACQUISITION OF SHARES IN AMPLIO INGREDIENTS SDN. BHD. BY THE COMPANY

SUNZEN BIOTECH BERHAD

Type Announcement
Subject OTHERS
Description
SUNZEN BIOTECH BERHAD ("SUNZEN" OR "THE COMPANY")
- PROPOSED ACQUISITION OF SHARES IN AMPLIO INGREDIENTS SDN. BHD. BY THE COMPANY

The Board of Directors of Sunzen is pleased to announce that on 8 May 2018 the Company entered into a Sales of Shares Agreement ("SSA") and Shareholders' Agreement ("SA") with Cheong Wai Loon (NRIC No. 801201-14-5741) and Low Yuan Heng (NRIC No. 781205-01-6183) ["Collectively known as "Vendors"] for the acquisition of 700,000 ordinary shares, representing 70% of the total issued share capital of Amplio Ingredients Sdn. Bhd. (Company No. 1045181-W) ("Amplio") for a total Purchase Price of RM2,800,000.00 (Ringgit Malaysia Two Million Eight Hundred Thousand only) ("Purchase Price") ["Proposed Acquisition"].

Upon completion of the Proposed Acquisition, the Company shall own 70% of the shares in Amplio, which shall be a subsidiary of the Company.

The full texts of the announcement is attached.




Please refer attachment below.



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 08 May 2018
Category General Announcement for PLC
Reference Number GA1-08052018-00086




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