HI

2.210

-0.04 (-1.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HI MOBILITY BERHAD ("HI" OR "COMPANY") (I) PROPOSED ACQUISITION OF ACACIA MOTOR SERVICES SDN BHD; (II) PROPOSED ACQUISITION OF HANDAL BCM SDN BHD; AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES TO INCLUDE MANUFACTURING, ASSEMBLY PRODUCTION, DISTRIBUTION, SELLING, MAINTENANCE AND REPAIR OF COMMERCIAL MOTOR VEHICLES

HI MOBILITY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
HI MOBILITY BERHAD ("HI" OR "COMPANY")

(I)	PROPOSED ACQUISITION OF ACACIA MOTOR SERVICES SDN BHD; 

(II)	PROPOSED ACQUISITION OF HANDAL BCM SDN BHD; AND

(III)	PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES TO INCLUDE MANUFACTURING, ASSEMBLY PRODUCTION, DISTRIBUTION, SELLING, MAINTENANCE AND REPAIR OF COMMERCIAL MOTOR VEHICLES

On behalf of the Board of Directors of HI, Maybank Investment Bank Berhad wishes to announce that the Company has, on 14 November 2025 entered into the following agreements:

  1. a conditional share sale agreement with the existing shareholders of Acacia Motor Services Sdn Bhd (“Acacia”), namely Lim Han Weng and Bah Kim Lian for the proposed acquisition of 2,500,000 ordinary shares in Acacia, representing 100% of the issued share capital of Acacia, by HI for a purchase consideration of RM29.63 million to be wholly satisfied via the issuance of 12,344,248 new ordinary shares in HI (“HI Shares”) (“Acacia Consideration Shares”) at an issue price of RM2.40 per Acacia Consideration Share; and
  2. a conditional share sale agreement with the existing shareholders of Handal BCM Sdn Bhd (“HBCM”), namely Handal Ventures Sdn Bhd and Liberal Option Sdn Bhd for the proposed acquisition of 13,000,000 ordinary shares in HBCM, representing 100% of the issued share capital of HBCM, by HI for a purchase consideration of RM52.90 million to be wholly satisfied via the issuance of 22,040,820 new HI Shares (“HBCM Consideration Shares”) at an issue price of RM2.40 per HBCM Consideration Share.

 

Please refer to the attachment for further details.

 

 

This announcement is dated 14 November 2025.


Please refer attachment below.

Attachments

HI Mobility Berhad - Proposals.pdf
825.4 kB


Announcement Info

Company Name HI MOBILITY BERHAD
Stock Name HI
Date Announced 14 Nov 2025
Category General Announcement for PLC
Reference Number GA1-14112025-00043


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