TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GAGASAN NADI CERGAS BERHAD ("GNCB" OR THE "COMPANY") (I) PROPOSED ACQUISITION OF 150,000 ORDINARY SHARES IN SERATA EHSAN SDN BHD ("SESB"), REPRESENTING THE ENTIRE EQUITY INTEREST IN SESB, FOR A CASH CONSIDERATION OF RM80,000,000; AND (II) PROPOSED ACQUISITION OF 8,500,000 ORDINARY SHARES IN SERI DELIMA ANGGUN SDN BHD ("SDASB"), REPRESENTING THE ENTIRE EQUITY INTEREST IN SDASB, FOR A CASH CONSIDERATION OF RM105,000,000 (COLLECTIVELY TO BE REFERRED TO AS THE "PROPOSED ACQUISITIONS")
| GAGASAN NADI CERGAS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | GAGASAN NADI CERGAS BERHAD ("GNCB" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF 150,000 ORDINARY SHARES IN SERATA EHSAN SDN BHD ("SESB"), REPRESENTING THE ENTIRE EQUITY INTEREST IN SESB, FOR A CASH CONSIDERATION OF RM80,000,000; AND
(II) PROPOSED ACQUISITION OF 8,500,000 ORDINARY SHARES IN SERI DELIMA ANGGUN SDN BHD ("SDASB"), REPRESENTING THE ENTIRE EQUITY INTEREST IN SDASB, FOR A CASH CONSIDERATION OF RM105,000,000
(COLLECTIVELY TO BE REFERRED TO AS THE "PROPOSED ACQUISITIONS") |
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(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the announcement dated 5 November 2024 in relation to the Proposed Acquisitions (“Initial Announcement”))
We refer to the Initial Announcement.
On behalf of the Board, Maybank Investment Bank Berhad wishes to announce that the Company has on 19 June 2025, entered into separate supplemental letter agreements with the SESB Vendors and SDASB Vendor, respectively, to very certain terms in the SSAs.
Further details of the abovementioned are set out in the attachment.
This Announcement is dated 19 June 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | GAGASAN NADI CERGAS BERHAD |
| Stock Name | NADIBHD |
| Date Announced | 19 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19062025-00046 |