TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FOUNDPAC GROUP BERHAD ("FOUNDPAC" OR THE "COMPANY") PROPOSED DISPOSAL OF 6,300,000 ORDINARY SHARES IN SDKM TECHNOLOGIES SDN BHD ("SDKM") ("SDKM SHARES") (REPRESENTING 70% EQUITY INTEREST IN SDKM) AND 5,000,000 REDEEMABLE CONVERTIBLE NON-CUMULATIVE PREFERENCE SHARES ("RCNPS") BY FOUNDPAC CAPITAL SDN BHD ("FPC"), A WHOLLY-OWNED SUBSIDIARY OF FOUNDPAC, TO KAMEDA SHIN, THE DIRECTOR AND SHAREHOLDER OF SDKM ("PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM0.25 MILLION ("PROPOSED DISPOSAL")
| FOUNDPAC GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | FOUNDPAC GROUP BERHAD ("FOUNDPAC" OR THE "COMPANY")
PROPOSED DISPOSAL OF 6,300,000 ORDINARY SHARES IN SDKM TECHNOLOGIES SDN BHD ("SDKM") ("SDKM SHARES") (REPRESENTING 70% EQUITY INTEREST IN SDKM) AND 5,000,000 REDEEMABLE CONVERTIBLE NON-CUMULATIVE PREFERENCE SHARES ("RCNPS") BY FOUNDPAC CAPITAL SDN BHD ("FPC"), A WHOLLY-OWNED SUBSIDIARY OF FOUNDPAC, TO KAMEDA SHIN, THE DIRECTOR AND SHAREHOLDER OF SDKM ("PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM0.25 MILLION ("PROPOSED DISPOSAL") |
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The Board of Directors of FoundPac (“Board”) is pleased to announce that FPC, a wholly-owned subsidiary of FoundPac, had, on 23 June 2025, entered into an unconditional share sale agreement (“SSA”) with the Purchaser, for the proposed disposal of 6,300,000 SDKM Shares (representing 70% equity interest in SDKM) and 5,000,000 RCNPS (collectively referred to as “Sale Shares”), for a total cash consideration of RM0.25 million.
Further details of the Proposed Disposal are set out in the attachment enclosed. |
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Please refer attachment below.
Announcement Info
| Company Name | FOUNDPAC GROUP BERHAD |
| Stock Name | FPGROUP |
| Date Announced | 23 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23062025-00045 |