TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ZEN TECH INTERNATIONAL BERHAD ("ALDRICH" OR THE "COMPANY") - COMPLETION OF PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN ALPHA FINTECH SDN BHD ("ALPHA" OR THE "TARGET COMPANY") FOR A PURCHASE CONSIDERATION OF RM10.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")
| ZEN TECH INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ZEN TECH INTERNATIONAL BERHAD ("ALDRICH" OR THE "COMPANY")
- COMPLETION OF PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN ALPHA FINTECH SDN BHD ("ALPHA" OR THE "TARGET COMPANY") FOR A PURCHASE CONSIDERATION OF RM10.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION") |
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We refer to the Company’s announcements dated 2 April 2024 and 5 April 2024 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
The Board wishes to announce that all the Conditions Precedent have been duly fulfilled and the SSA has become unconditional on 17 June 2025 and hence, the Proposed Acquisition is deemed completion on 17 June 2025.
This announcement is dated 18 June 2025. |
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Announcement Info
| Company Name | ZEN TECH INTERNATIONAL BERHAD |
| Stock Name | ZENTECH |
| Date Announced | 18 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18062025-00020 |