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Circular/Notice to Shareholders

SUNZEN BIOTECH BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED ACQUISITION BY SUNZEN BIOTECH BERHAD ("SUNZEN") OF 2,000,000 ORDINARY SHARES IN FINSOURCE SOLUTION SDN BHD (FORMERLY KNOWN AS SAVE SOLUTION SDN BHD) ("FSSB"), REPRESENTING 100% OF THE EQUITY INTEREST IN FSSB FROM TEO YEK MING, CHING CHEE PUN, LEE CHING YONG AND LOW CHEE YEAP, FOR A PURCHASE CONSIDERATION OF RM6,800,000 TO BE WHOLLY SATISFIED BY THE ISSUANCE AND ALLOTMENT OF 41,212,121 NEW ORDINARY SHARES IN SUNZEN ("SUNZEN SHARES") AT AN ISSUE PRICE OF RMO.165 PER SUNZEN SHARE ("PROPOSED ACQUISITION"); AND; (II) PROPOSED DIVERSIFICATION INTO MONEY LENDING


Please refer attachment below.



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 19 Mar 2021
Category Document Submission
Reference Number DCS-19032021-00006




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