On behalf of the Board of Directors of Radiant Globaltech, Alliance Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
1. Proposed acquisition by Radiant Globaltech of 800,000 ordinary shares in GF Spritvest (“GF Spritvest Shares”), representing 80% of the issued share capital of GF Spritvest, for a cash consideration of RM11.6 million (“Purchase Consideration”) (“Proposed Acquisition”); and
2. Proposed variation to the utilisation of proceeds of RM11.48 million raised from Radiant Globaltech’s IPO (“IPO Proceeds”) which was completed on 24 July 2018 to part-finance the Proposed Acquisition (“Proposed Variation”).
Further details of the Proposals are set out in the attachment.
This announcement is dated 10 September 2020