[SUNZEN] Acquisitions on 10-Oct-2024

Stock
[SUNZEN]: SUNZEN BIOTECH BHD
Announcement Date
10-Oct-2024
Listing Date
11-Oct-2024
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Sunzen Biotech Berhad ("Sunzen") of the remaining 30% equity interest in Ecolite Biotech Manufacturing Sdn Bhd ("Ecolite"), a 70%-owned subsidiary of Sunzen for a purchase consideration of RM15.00 million; and the acquisition by Sunzen of the remaining 30% equity interest in Yanming Resources Sdn Bhd, a 70%-owned subsidiary of Ecolite, for a purchase consideration of RM4.50 million, to be wholly satisfied by the issuance and allotment of a total of 66,101,694 new ordinary shares in Sunzen ("Sunzen Share(s)") at an issue price of RM0.295 per Sunzen Share
No. of shared issued
66,101,694
Issue Price
Malaysian Ringgit (MYR) 0.295
Par Value
0.000
Total NOSH
801,637,653
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