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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EDELTEQ HOLDINGS BERHAD ("EDELTEQ" OR THE "COMPANY") PROPOSED DIVESTMENT OF 30% EQUITY INTEREST IN EDELTEQ VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EDELTEQ TO HANA MICROELECTRONICS PUBLIC COMPANY LIMITED

EDELTEQ HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
EDELTEQ HOLDINGS BERHAD ("EDELTEQ" OR THE "COMPANY")

PROPOSED DIVESTMENT OF 30% EQUITY INTEREST IN EDELTEQ VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EDELTEQ TO HANA MICROELECTRONICS PUBLIC COMPANY LIMITED

The Board of Directors of Edelteq wishes to announce that the Company had on 21 March 2024 entered into a Share Purchase Agreement (“SPA”) with Hana Microelectronics Public Company Limited (“HANA” or the “Purchaser”) for the sale of 30% of the issued share capital, comprising 60,000 ordinary shares (“Sale Shares”) in Edelteq Ventures Sdn Bhd (“EVSB”), a wholly-owned subsidiary of the Company to HANA for a cash consideration of RM132,546.30 (approximately USD28,501.52) (“Sale Consideration”) (“Proposed Divestment”).

 

Please refer to the attachment for further details on the Proposed Divestment.

 

This announcement is dated 21 March 2024.




Please refer attachment below.



Announcement Info

Company Name EDELTEQ HOLDINGS BERHAD
Stock Name EDELTEQ
Date Announced 21 Mar 2024
Category General Announcement for PLC
Reference Number GA1-21032024-00053



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