Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackNov 30, 2016
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

TECHNODEX BERHAD ("TDEX" OR "THE COMPANY") (I) PROPOSED ACQUISITION OF AN ADDITIONAL 42% EQUITY INTEREST BY TDEX IN IDEALSEED RESOURCES SDN BHD ("IDEALSEED") FOR A TOTAL PURCHASE CONSIDERATION OF RM2,677,500 ("PROPOSED ACQUISITION I"); AND (II) PROPOSED ACQUISITION OF THE REMAINING 50% EQUITY INTEREST IN SURFSTEK RESOURCES (R&D) SDN BHD ("SURFSTEK R&D") BY TDEX FOR A TOTAL PURCHASE CONSIDERATION OF RM13,455,000 ("PROPOSED ACQUISITION II") (COLLECTIVELY, THE "PROPOSED ACQUISITIONS")

We refer to the announcements dated 2 and 7 November 2016 in relation to the Proposed Acquisitions (“Announcements”).

Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Company’s Announcements.

On behalf of the Board of Directors of TDEX, TA Securities Holdings Berhad wishes to announce that the listing application in relation to the Proposed Acquisitions has been submitted to Bursa Malaysia Securities Berhad on 30 November 2016.

This announcement is dated 30 November 2016.

 


Announcement Info

Company Name TECHNODEX BHD
Stock Name TDEX
Date Announced 30 Nov 2016
Category General Announcement for PLC
Reference Number GA1-30112016-00125