The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to announce that First United Technology Ltd, a subsidiary of the Company, had performed the following transactions : 

i) On 11 December 2020, acquired 7,330,200 warrants in K-Star Sports Limited (“K-Star”)  for the total consideration of RM810,839 from the open market (“Acquired of Warrants”). 

ii) On 26 and 27 January 2021, disposed 32,750,000 ordinary shares in K-Star for the total consideration of RM4,242,763 to the open market (“Disposal of Shares”)

(collectively referred to as the “Transactions”) 

Further details of the Transactions are set out in the attachment herein.

This announcement is dated 29 January 2021.