Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
TECHNODEX BERHAD (TDEX OR 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, "PROPOSED ACQUISITIONS") |
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We refer to the announcements dated 2, 7, 30 November 2016 and 28 April 2017 in relation to the Proposed Acquisitions (“Announcements”). Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Announcements. On behalf of the Board of Directors of TDEX, TA Securities is pleased to announce that Bursa Securities has, vide its letter dated 11 October 2017, approved the listing of 80,662,500 new ordinary shares in TDEX (“Consideration Shares”) at an issue price of RM0.20 per Consideration Share, to be issued pursuant to the Proposed Acquisition I and Proposed Acquisition II. The approval granted by Bursa Securities for the listing and quotation of the Consideration Shares is subject to the following conditions: - 1. TDEX and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“ACE LR”) pertaining to the implementation of the Proposed Acquisition I and Proposed Acquisition II; 2. TDEX and TA Securities to inform Bursa Securities upon the completion of the Proposed Acquisition I and Proposed Acquisition II; and 3. TDEX to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition I and Proposed Acquisition II are completed. In the event the Consideration Shares will be listed and quoted as the existing securities of the same, quotation of the new ordinary shares will commence on the next market day after the following: - 1. Submission of the share certificate together with a covering letter containing the summary of the Proposed Acquisition I and Proposed Acquisition II to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10:00 a.m. on the market day prior to the listing date; 2. Receipt of the confirmation from Bursa Depository that the additional new shares are ready for crediting into the securities accounts of the account holders; and 3. An announcement in accordance to Rule 12.2 of the GN17 is submitted via Bursa Link before 3:00 p.m. on the market day prior to the listing date. TDEX is required to ensure full compliance of all the requirements as provided under the ACE LR at all times. This announcement is dated 11 October 2017. |
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Announcement Info
| Company Name | TECHNODEX BHD |
| Stock Name | TDEX |
| Date Announced | 11 Oct 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11102017-00077 |