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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company") 1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX 2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED"

Amended Announcements
Please refer to the earlier announcement reference number: GA1-21012021-00039

INIX TECHNOLOGIES HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company")
1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX
2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED"

The Board of Directors of INIX wishes to announce that its wholly-owned subsidiary, INIX Glove Manufacturing Sdn Bhd [Registration No. 201001023819 (907591-H)] (“INIX GM" or “the Purchaser”), had on 21 January 2021 entered into a Share Sale Agreement (“SSA”) to acquire 331,500 ordinary shares of L & S Gloves Sdn Bhd [Registration No. 201901017337 (1326665-M)] (“L&S”), representing 51.0% of the issued shares of L&S, from Teo Xiong Sheng, Teo Yoek Leong and Xiaohua Xie (“the Vendors”) for a consideration of RM6,500,000.00 (“Purchase Price”) (“the Proposed Acquisition”).

 

Upon completion of the Proposed Acquisition, L&S will become a subsidiary of INIX GM and an indirect subsidiary of INIX.

 

Please refer to the attachments for further information.

 

This announcement is dated 21 January 2021.

 

*Remark: The amendment refers to the date of the Press Release which should be read as "21 January 2021".




Please refer attachment below.



Announcement Info

Company Name INIX TECHNOLOGIES HOLDINGS BERHAD
Stock Name INIX
Date Announced 21 Jan 2021
Category General Announcement for PLC
Reference Number GA1-21012021-00040




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