M+ Global
  • Rewards up to RM482 waiting for you (StockBiz members Only)
  • Rewards up to RM482 waiting for you (StockBiz members Only)
Claim my rewards Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
Open: Day Range: Prev Close:


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TERM SHEET FOR THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PROPEL CHEMICALS SDN BHD BY HEXTAR KIMIA SDN BHD, A 49%-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CONSIDERATION OF RM16,500,000.00

HEXTAR GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TERM SHEET FOR THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PROPEL CHEMICALS SDN BHD BY HEXTAR KIMIA SDN BHD, A 49%-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CONSIDERATION OF RM16,500,000.00

The Board of Directors of Hextar wishes to announce that Hextar Kimia Sdn Bhd, a 49%-owned subsidiary of the Company, has on 14 September 2023, entered into a Term Sheet with Propel Global Berhad for the acquisition of 1,008,000 ordinary shares, representing 100% equity interest in Propel Chemicals Sdn Bhd (formerly known as Daya Secadyme Sdn Bhd) for a cash consideration of RM16,500,000.00, subject to certain adjustment as set out in the Term Sheet and as may be determined by both parties on a later date.

 

Please refer to the attachment for the details of the announcement.

 

This announcement is dated 14 September 2023.




Please refer attachment below.



Announcement Info

Company Name HEXTAR GLOBAL BERHAD
Stock Name HEXTAR
Date Announced 14 Sep 2023
Category General Announcement for PLC
Reference Number GA1-29082023-00027




Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
Window Alert On-Screen Alert X
X