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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HARVEST MIRACLE CAPITAL BERHAD ("HMCB" OR "THE COMPANY") - PROPOSED ACQUISITION OF 70% OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL IN CLAYBRICKS & TILES SDN BHD (CTSB), QUALIBRICKS & TILES SDN BHD (QTSB), AND MANDONG TRANSPORT & TRADING SDN BHD (MTTSB)

HARVEST MIRACLE CAPITAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HARVEST MIRACLE CAPITAL BERHAD ("HMCB" OR "THE COMPANY")
- PROPOSED ACQUISITION OF 70% OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL IN CLAYBRICKS & TILES SDN BHD (CTSB), QUALIBRICKS & TILES SDN BHD (QTSB), AND MANDONG TRANSPORT & TRADING SDN BHD (MTTSB)

 

The Board of Directors of HMCB (“Board”) wishes to announce that HMCB (the “Vendor”) has on 17 November 2023 entered into a Shares Sale Agreement (“SSA”) with

 

(i). Commonwell Sdn Bhd (Company No. 200773-U) (“CSB”) in relation to the proposed acquisition of 24,500,006 ordinary shares in CTSB (Company No. 193728-V) which represents 70% of entire issued and paid-up capital in CTSB for a total cash consideration of RM10,000,000.00;

 

(ii). CSB and Lim Gek Kooy (“LGK”) in relation to the proposed acquisition of 1,190,010 ordinary shares which represents 70% in total of entire issued and paid-up capital in QTSB (Company No. 199009-U) for a total cash consideration of RM900,000.00; and

 

(iii). CSB in relation to the proposed acquisition of 215,600 ordinary shares in MTTSB (Company No. 217922-M) which represents 70% of entire issued and paid-up capital in MTTSB for a total cash consideration of RM100,000.00.  

 

 

Kindly refer to the attached file for the full text of the announcement.

 

This announcement is dated 17 November 2023.

 




Please refer attachment below.



Announcement Info

Company Name HARVEST MIRACLE CAPITAL BERHAD
Stock Name HM
Date Announced 17 Nov 2023
Category General Announcement for PLC
Reference Number GA1-17112023-00037



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