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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS AJIYA BERHAD (AJIYA OR COMPANY) ACQUISITION OF 90,000 ORDINARY SHARES REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF AJIYA SAFETY GLASS SDN BHD FROM FORESIGHT AIM SDN BHD FOR A PURCHASE CONSIDERATION OF RM16,700,000.00

AJIYA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AJIYA BERHAD (AJIYA OR COMPANY)
ACQUISITION OF 90,000 ORDINARY SHARES REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF AJIYA SAFETY GLASS SDN BHD FROM FORESIGHT AIM SDN BHD FOR A PURCHASE CONSIDERATION OF RM16,700,000.00

The Board of Ajiya wishes to announce that Ajiya had on 15 February 2022 acquire 90,000 ordinary shares (“Acquisition”) from Foresight Aim Sdn Bhd (“Foresight Aim”) representing 15% of the total issued share capital of Ajiya Safety Glass Sdn Bhd (“ASG”) for a purchase consideration of RM16,700,000 (“Purchase Consideration”) to be satisfied by cash.

 

Upon completion of the acquisition, Ajiya will own 90% of ASG.

 

Further details of the Acquisition are set out in the attachment.

 

This announcement is dated 15 February 2022.




Please refer attachment below.



Announcement Info

Company Name AJIYA BERHAD
Stock Name AJIYA
Date Announced 15 Feb 2022
Category General Announcement for PLC
Reference Number GA1-15022022-00015




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