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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 announcement in relation to the Proposed Acquisition dated 6 April 2023.

 

Reference is made to the Company’s announcement dated 5 July 2023.

 

On behalf of the Company, M&A Securities Sdn Bhd wishes to announce that the parties to the SSA have mutually agreed to further extend the conditional period for 90 days from 3 September 2023 (i.e. up to 2 December 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 30 August 2023.






Announcement Info

Company Name HB GLOBAL LIMITED
Stock Name HBGLOB
Date Announced 30 Aug 2023
Category General Announcement for PLC
Reference Number GA1-30082023-00046



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