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OTHERS ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "THE COMPANY") SHARE SALE AGREEMENT - ACQUISITION OF EQUITY INTEREST IN KENG IMPORTS & EXPORTS SDN. BHD. [197501003872 (25561-P)]

ASIA POLY HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "THE COMPANY")
SHARE SALE AGREEMENT - ACQUISITION OF EQUITY INTEREST IN KENG IMPORTS & EXPORTS SDN. BHD. [197501003872 (25561-P)]

The Board of Directors of Asia Poly wishes to announce that Asia Poly Industrial Sdn. Bhd. [Registration No. 198401019729 (132287-H)], a wholly-owned subsidiary of Asia Poly (“API” or “the Purchaser”) had on 12th January, 2022 entered into a Share Sale Agreement (“Agreement”) with the Vendors (as details in Section 2.2 of the announcement) for the acquisition of 1,107,250 ordinary shares in Keng Imports & Exports Sdn. Bhd. [Registration No: 197501003872 (25561-P)](“KIESB”), representing 100% of the total issued share capital in KIESB (“Sale Shares”) for a total purchase consideration of Ringgit Malaysia Twenty Four Million Seventeen Thousand Five Hundred Forty Six and Fifty Cents (RM24,017,546.50) only (“Purchase Consideration”) (“Acquisition”). 

 

Please refer to the attachment for further details of the Acquisition.

 

This announcement is dated 13 January 2022.

 




Please refer attachment below.

Attachments

Share Sale Agreement.pdf
136.6 kB



Announcement Info

Company Name ASIA POLY HOLDINGS BERHAD
Stock Name ASIAPLY
Date Announced 13 Jan 2022
Category General Announcement for PLC
Reference Number GA1-13012022-00011




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