TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY") PROPOSED ACQUISITION OF THE REMAINING 20% EQUITY INTEREST IN GRAND-FLO SPRITVEST SDN BHD ("GFS") ("PROPOSED ACQUISITION")

RADIANT GLOBALTECH BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY")

PROPOSED ACQUISITION OF THE REMAINING 20% EQUITY INTEREST IN GRAND-FLO SPRITVEST SDN BHD ("GFS") ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of RGTECH (“Board”), UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) wishes to announce that RGTECH (“Purchaser”) had on 2 May 2023, entered into a conditional share purchase agreement (“SPA”) with Jejaka 7 Capital Sdn Bhd (“Jejaka” or the “Vendor”) to acquire the remaining 200,000 ordinary shares in GFS not already owned by RGTECH, representing 20% equity interest in GFS for a total purchase consideration of RM12,605,000 which will be satisfied entirely by cash, subject to the terms and conditions contained in the SPA ("Proposed Acquisition").

Further details of the Proposed Acquisition are set out in the attachment enclosed.

This announcement is dated 2 May 2023.






Announcement Info

Company Name RADIANT GLOBALTECH BERHAD
Stock Name RGTECH
Date Announced 02 May 2023
Category General Announcement for PLC
Reference Number GA1-02052023-00065


Please refer attachment below.

  1. RGTECH - Announcement (Proposed Acquisition).pdf