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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HEXTAR GLOBAL BERHAD ("HEXTAR") - PROPOSED ACQUISITION BY HEXTAR OF 109,900 ORDINARY SHARES REPRESENTING 99.91% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PT AGRO SENTOSA RAYA ("PTASR") FOR A TOTAL CASH CONSIDERATION OF RM10,200,000.00 ("PROPOSED PTASR ACQUISITION")

HEXTAR GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
HEXTAR GLOBAL BERHAD ("HEXTAR") - PROPOSED ACQUISITION BY HEXTAR OF 109,900 ORDINARY SHARES REPRESENTING 99.91% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PT AGRO SENTOSA RAYA ("PTASR") FOR A TOTAL CASH CONSIDERATION OF RM10,200,000.00 ("PROPOSED PTASR ACQUISITION")

The Board of Directors of Hextar wishes to announce that Hextar had on 28 March 2022 entered into a Share Sale Agreement (“SSA”) with Hextar International Group Sdn Bhd (“Vendor”) for the acquisition of 109,900 ordinary shares (“Shares”), representing 99.91% equity interest in PTASR for a total purchase consideration of RM10,200,000.00 to be satisfied wholly in cash.

 

Please refer to the attachment for the details of the announcement. 

 

This announcement is dated 28 March 2022.




Please refer attachment below.



Announcement Info

Company Name HEXTAR GLOBAL BERHAD
Stock Name HEXTAR
Date Announced 28 Mar 2022
Category General Announcement for PLC
Reference Number GA1-25032022-00052




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