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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS RESINTECH ("RESINTECH" OR "THE COMPANY") - SHARE SALE AND PURCHASE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 100% OF THE TOTAL ISSUED AND PAID-UP CAPITAL OF FORWARD METAL WORKS SDN. BHD.

RESINTECH BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
RESINTECH ("RESINTECH" OR "THE COMPANY") 
- SHARE SALE AND PURCHASE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 100% OF THE TOTAL ISSUED AND PAID-UP CAPITAL OF FORWARD METAL WORKS SDN. BHD.
The Board of Directors of Resintech Berhad (“Resintech” or “the Company”) wishes to announce that the Company, had on 1 April 2024 entered into a Share Sale and Purchase Agreement (“the Agreement”) with Fornix Sdn. Bhd. [Registration No. 200501023116 (705247-A)] (“Fornix” or “the Vendor”), for the acquisition of 1,000,000 ordinary shares (“Sale Shares”) representing 100% of the equity interest of Forward Metal Works Sdn. Bhd. [Registration No. 197901004442 (49147-P)] (“Target Company” or “Forward Metal”) for a total cash consideration of RM5,390,000 (“Purchase Price”) in accordance with the terms and conditions of the Agreement [hereinafter referred to as (“Proposed Acquisition”)]. 

Kindly refer to the attachment for further details. 

This announcement is dated 1 April 2024. 



Please refer attachment below.

Attachments

Resintech- SSP Agreement.pdf
210.9 kB



Announcement Info

Company Name RESINTECH BERHAD
Stock Name RESINTC
Date Announced 01 Apr 2024
Category General Announcement for PLC
Reference Number GA1-22022024-00007



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