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MULTIPLE PROPOSALS MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") (I) PROPOSED ACQUISITION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED VARIATION (COLLECTIVELY REFERRED TO AS "PROPOSALS")

MQ TECHNOLOGY BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY")

(I)	PROPOSED ACQUISITION;
(II)	PROPOSED DIVERSIFICATION; AND
(III)	PROPOSED VARIATION

(COLLECTIVELY REFERRED TO AS "PROPOSALS")
We refer to the announcements dated 26 January 2023, 27 March 2023 and 11 April 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.


On behalf of the Board, TA Securities wishes to announce that following the execution and delivery of the Deed of Termination for the SSHA, the Deed of Termination for the Previous SPA by the Vendor and CSPSB as well as the termination of the power of attorney granted in favour of CSPSB by the Vendor pursuant to the Previous SPA on the date of this announcement, all the conditions precedent stipulated in the SPA have been fulfilled on 16 January 2024. In addition, following the settlement of the Balance Purchase Consideration, the Proposed Acquisition is deemed completed on 16 January 2024.


This announcement is dated 16 January 2024.





Announcement Info

Company Name MQ TECHNOLOGY BERHAD
Stock Name MQTECH
Date Announced 16 Jan 2024
Category General Announcement for PLC
Reference Number GA1-15012024-00036



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