News

Reference is made to the earlier announcements dated 19 January 2022, 29 March 2022, 20 June 2022 and 30 June 2022.

On behalf of the Board of Directors of the Company, Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce, on behalf of the Board, that KABEH had on 29 July 2022 entered into a conditional share purchase agreement (“SPA”) with SCB and 3 individuals (“Minority Shareholders”) (collectively, the “Vendors”) for the proposed acquisition of 300,000 ordinary shares in PT IME (“Sale Shares”), representing 100% equity interest in PT IME, from the Vendors for a cash consideration of RM10,000 (“Sale Shares Consideration”) (“Proposed Acquisition”).

In addition to the Sale Shares Consideration, KABEH will facilitate the settlement of debts, liabilities and shareholders’ advances of PT IME capped at RM74.99 million (“Debt Sum”).

Please refer to the attached document for further details.

This announcement is dated 29 July 2022.