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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ES CERAMICS TECHNOLOGY BERHAD ("ES CERAMICS" OR "COMPANY") ACQUISITION OF THE ENTIRE EQUITY INTEREST IN EVERMIX CONCRETE SDN BHD BY ES CERAMICS (70%) AND ITS WHOLLY-OWNED SUBSIDIARY EUROCERAMIC TECHNOLOGIES CO. LTD (30%) FOR A TOTAL PURCHASE CONSIDERATION OF RM83,000,000 TO BE SATISFIED BY A COMBINATION OF CASH AND NEW ORDINARY SHARES IN ES CERAMICS ("ACQUISITION")

ES CERAMICS TECHNOLOGY BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ES CERAMICS TECHNOLOGY BERHAD ("ES CERAMICS" OR "COMPANY")

ACQUISITION OF THE ENTIRE EQUITY INTEREST IN EVERMIX CONCRETE SDN BHD BY ES CERAMICS (70%) AND ITS WHOLLY-OWNED SUBSIDIARY EUROCERAMIC TECHNOLOGIES CO. LTD (30%) FOR A TOTAL PURCHASE CONSIDERATION OF RM83,000,000 TO BE SATISFIED BY A COMBINATION OF CASH AND NEW ORDINARY SHARES IN ES CERAMICS ("ACQUISITION")

We refer to the announcements made on 5 May 2022, 11 May 2022, 28 June 2022, 12 July 2022 and 29 August 2022 in relation to, among others, the Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that the Acquisition has been completed in accordance with the terms and conditions of the SPA.

 

This announcement is dated 30 August 2022.






Announcement Info

Company Name ES CERAMICS TECHNOLOGY BHD
Stock Name ESCERAM
Date Announced 30 Aug 2022
Category General Announcement for PLC
Reference Number GA1-30082022-00083



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