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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INFOLINE TEC GROUP BERHAD ("INFOLINE TEC" OR "THE COMPANY") PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN INLINE TECHNOLOGIES PTE LTD FOR A TOTAL CASH CONSIDERATION OF UP TO SGD2.65 MILLION ("PROPOSED ACQUISITION")

INFOLINE TEC GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
INFOLINE TEC GROUP BERHAD ("INFOLINE TEC" OR "THE COMPANY")
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN INLINE TECHNOLOGIES PTE LTD FOR A TOTAL CASH CONSIDERATION OF UP TO SGD2.65 MILLION ("PROPOSED ACQUISITION")

Reference is made to the announcement made on 15 August 2023 pertaining to the Proposed Acquisition (“Announcement”). Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meaning as defined in the Announcement.

The board of directors of Infoline Tec is pleased to announce that all Conditions Precedent as stipulated in the SSA have been fulfilled and the Proposed Acquisition is deemed completed on 15 September 2023.

Upon completion of the Proposed Acquisition, Inline Technologies has become a wholly-owned subsidiary of Infoline Tec.

This announcement is dated 18 September 2023.






Announcement Info

Company Name INFOLINE TEC GROUP BERHAD
Stock Name INFOTEC
Date Announced 18 Sep 2023
Category General Announcement for PLC
Reference Number GA1-15092023-00033



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