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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HB GLOBAL LIMITED ("HBGL" OR THE "COMPANY") PROPOSED ACQUISITION BY HBGL OF 100% EQUITY INTEREST IN KK FRESH FROZEN SDN BHD FOR A PURCHASE CONSIDERATION OF RM30.0 MILLION TO BE SATISFIED WHOLLY BY ISSUANCE OF 200,000,000 NEW ORDINARY SHARES IN HBGL ("SHARES" OR "HBGL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE RM0.15 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")

HB GLOBAL LIMITED

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")

PROPOSED ACQUISITION BY HBGL OF 100% EQUITY INTEREST IN KK FRESH FROZEN SDN BHD FOR A PURCHASE CONSIDERATION OF RM30.0 MILLION TO BE SATISFIED WHOLLY BY ISSUANCE OF 200,000,000 NEW ORDINARY SHARES IN HBGL ("SHARES" OR "HBGL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE RM0.15 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")

Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the circular to shareholders dated 6 April 2023.

 

We refer to the Company's announcements in relation to the Proposed Acquisition. In this respect, the Conditions Precedent of the SSA are to be fulfilled within 90 days after the date of the SSA or such other period to be mutually agreed upon by the parties to the SSA.

 

On behalf of the Company, M&A Securities Sdn Bhd wishes to announce that the parties to the SSA have mutually agreed to extend the conditional period for a further 60 days from 5 July 2023 (i.e. up to 3 September 2023) to fulfil the Conditions Precedent.

 

Save as disclosed above, there are no other variations to the terms and conditions of the SSA.

 

This announcement is dated 5 July 2023.






Announcement Info

Company Name HB GLOBAL LIMITED
Stock Name HBGLOB
Date Announced 05 Jul 2023
Category General Announcement for PLC
Reference Number GA1-05072023-00093



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