MULTIPLE PROPOSALS ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY") - PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS - PROPOSED EXEMPTION; AND - PROPOSED SET-OFF COLLECTIVELY, THE "PROPOSALS"

ICONIC WORLDWIDE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY")

- PROPOSED ACQUISITION;
- PROPOSED RIGHTS ISSUE WITH WARRANTS
- PROPOSED EXEMPTION; AND
- PROPOSED SET-OFF

COLLECTIVELY, THE "PROPOSALS"

Reference is made to the announcement dated 19 September 2022 in relation to the Proposals ("Announcement").

Section 1 of the Announcement should be read as follows:

"On behalf of the Board of Directors of Iconic (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company had on 19 September 2022 entered into a conditional share purchase agreement (“SPA”) with Dato’ Seri Tan Kean Tet and Tan Seok Ying (collectively, the “Vendors”) to acquire a total of 200,000 ordinary shares in Goldenluck Development Sdn Bhd (“Goldenluck”) (“Sale Shares”), representing 100% equity interest in Goldenluck for a purchase consideration of approximately RM39.80 million (“Purchase Consideration”) (“Proposed Acquisition”)."

The announcement is dated 19 September 2022.



Announcement Info

Company Name ICONIC WORLDWIDE BERHAD
Stock Name ICONIC
Date Announced 19 Sep 2022
Category General Announcement for PLC
Reference Number GA1-19092022-00081