TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN SYNERGY GROUP BERHAD (FORMERLY KNOWN AS JADE MARVEL GROUP BERHAD) ("XSGB" OR THE "COMPANY") 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 SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM2,740,000 AND THE REMAINING RM15,500,000 VIA ISSUANCE OF NEW ORDINARY SHARES IN XSGB ("ACQUISITION")
| XIN SYNERGY GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | XIN SYNERGY GROUP BERHAD (FORMERLY KNOWN AS JADE MARVEL GROUP BERHAD) ("XSGB" OR THE "COMPANY")
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 SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM2,740,000 AND THE REMAINING RM15,500,000 VIA ISSUANCE OF NEW ORDINARY SHARES IN XSGB ("ACQUISITION") |
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(Unless otherwise defined, defined terms used in this announcement shall carry the same meaning as those defined in the announcements dated 6 November 2024, 7 January 2025, 13 February 2025, 20 February 2025, 14 March 2025, 25 April 2025 and 4 June 2025 in relation to the Acquisition (“Announcements”)).
We refer to the Announcements and the Circular dated 21 February 2025 in relation to the Acquisition.
On behalf of the Board, RHB Investment Bank wishes to announce that the Acquisition has been completed in accordance with the terms and conditions of the SSA following the listing of and quotation for 67,391,304 Consideration Shares on the Main Market of Bursa Securities today.
This announcement is dated 5 June 2025. |
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Announcement Info
| Company Name | XIN SYNERGY GROUP BERHAD |
| Stock Name | XIN |
| Date Announced | 05 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04062025-00011 |