Newsroom

On behalf of the Board of Directors of TDEX ("Board"), TA Securities Holdings Berhad ("TA Securities") wishes to announce that the Company had on 2 November 2016 entered into the following: -

(a)        a sale and purchase of shares agreement with Tan Wah Choy (“TWC”) and Wong Siam Hong (“WSH”) (collectively, “Idealseed Vendors”) for the acquisition of an additional 210,000 ordinary shares of RM1.00 each in Idealseed ("Idealseed Shares") from the Idealseed Vendors, representing 42% of the total issued and paid-up share capital in Idealseed for a purchase consideration of RM2,677,500 (“Purchase Consideration I”) (“Idealseed SPA”); and

(b)        a sale and purchase of shares agreement with SurfsTek Resources (M) Sdn Bhd (“SurfsTek”) for the acquisition of the remaining 1,500,000 ordinary shares of RM1.00 each in SurfsTek R&D ("SurfsTek R&D Shares"), representing 50% of the total issued and paid-up share capital in SurfsTek R&D for a purchase consideration of RM13,455,000 (“Purchase Consideration II”) (“SurfsTek SPA”).

Please refer to the attachment for further information on the Proposed Acquisitions.

This announcement is dated 2 November 2016.