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Circular/Notice to Shareholders

HEXTAR CAPITAL BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED DISPOSAL OF 400,000 ORDINARY SHARES IN UNIGEL (UK) LIMITED ("UUK"), REPRESENTING 40.00% EQUITY INTEREST IN UUK BY UNIGEL COMPOUNDS SDN BHD ("UCSB"), A WHOLLY-OWNED SUBSIDIARY OF HEXCAP TO UNIGEL TECHNOLOGIES LIMITED FOR A CASH CONSIDERATION OF GBP1.30 MILLION (EQUIVALENT TO APPROXIMATELY RM7.60 MILLION) ("PROPOSED DISPOSAL OF UUK"); (II) PROPOSED DISPOSAL OF 400 ORDINARY SHARES IN UNIGEL IP LIMITED ("UIP"), REPRESENTING 40.00% EQUITY INTEREST IN UIP BY UCSB, A WHOLLY-OWNED SUBSIDIARY OF HEXCAP TO UNIGEL LIMITED FOR A CASH CONSIDERATION OF GBP0.40 MILLION (EQUIVALENT TO APPROXIMATELY RM2.34 MILLION) ("PROPOSED DISPOSAL OF UIP"); AND (III) PROPOSED PRIVATE PLACEMENT OF UP TO 134,089,200 NEW ORDINARY SHARES IN HEXCAP ("HEXCAP SHARES" OR "SHARES"), REPRESENTING NOT MORE THAN 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF HEXCAP ("PROPOSED PRIVATE PLACEMENT") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")


Please refer attachment below.



Announcement Info

Company Name HEXTAR CAPITAL BERHAD
Stock Name HEXCAP
Date Announced 05 Apr 2024
Category Document Submission
Reference Number DCS-05042024-00015



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