Acquisition Of 51% Of Equity In Tri-G Technologies Sdn Bhd (Tri-G) By Nexgram Industries for Covid-19 medical supplies. [28 Apr 2020] Press Release

NEXGRAM HOLDINGS BERHAD

 

Type Announcement
Subject OTHERS
Description
ACQUISITION OF 51% OF EQUITY IN TRI-G TECHNOLOGIES SDN BHD (TRI-G) BY NEXGRAM INDUSTRIES SDN BHD, A SUBSIDIARY OF THE COMPANY (PROPOSED ACQUISITION)

Pursuant to Rule 10.05 of the Bursa Malaysia Securities Berhad ACE Market Listing  Requirements, the Board of Directors of Nexgram wishes to announce that Nexgram Industries Sdn Bhd. (“NISB”), a wholly-owned subsidiary of the Company has on 28 April 2020 entered into a Share Sales Agreement (“SSA”) with the following Parties, to obtain a combined total of 51% equity interest in Tri-G  Technologies Sdn Bhd (“TRI-G”) (Company No. 899363-H) for a total consideration of Ringgit Malaysia Two Million Forty Thousand (RM2,040,000.00) only (“the Acquisition”) via the issuance of Redeemable Convertible Preference Shares (“RCPS”) in NISB.

 

Please refer to the attachment for details of the announcement.

 

This announcement is dated 4 May 2020.

 

Please refer attachment below.