Additional Listing Announcement /Subdivision of Shares
| XIN SYNERGY GROUP BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | Acquisition by XSGB of the 100.00% equity interest in Medini Marina Sdn Bhd from Harvest Capital Development Sdn Bhd and Big Land Capital Sdn Bhd for a purchase consideration of RM18,240,000 to be satisfied via a combination of cash payment of RM2,740,000 and the remaining RM15,500,000 via issuance of 67,391,304 new ordinary shares in XSGB |
| No. of shares issued under this corporate proposal | 67,391,304 |
| Issue price per share | Malaysian Ringgit (MYR) 0.2300 |
| Par Value (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 569,287,236 |
| Issued Share Capital | Malaysian Ringgit (MYR) 219,582,636.160 |
| Listing Date | 05 Jun 2025 |
| Remarks : |
The Acquisition will be completed upon the listing of and quotation for 67,391,304 new ordinary shares in XSGB on the Main Market of Bursa Malaysia Securities Berhad on 5 June 2025. This announcement is dated 4 June 2025. |
Announcement Info
| Company Name | XIN SYNERGY GROUP BERHAD |
| Stock Name | XIN |
| Date Announced | 04 Jun 2025 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-29052025-00006 |