We refer to the previous announcements and the circular to shareholders dated 28 October 2024 in relation to the Acquisition (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Initial Payment has been satisfied by RGTECH in the following manner:-
- the balance Cash Consideration of RM20.00 million was fully paid to the Vendor on 21 January 2025; and
- 30,303,000 Consideration Shares were issued at the Issue Price and allotted to the Vendor pursuant to the Acquisition and were listed and quoted on the ACE Market of Bursa Securities on 23 January 2025, hence marking the completion of the Acquisition on even date.
This announcement is dated 23 January 2025.