WTK

0.795

-0.01 (-1.2%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY BIOGROW CITY SDN. BHD. ("BCSB") AND BIOWORLD SYNERGIES SDN. BHD. ("BSSB"), BOTH OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF W T K HOLDINGS BERHAD ("WTK"), OF 85% EQUITY INTEREST AS WELL AS PREFERENCE SHARES IN BIOGROW CITY PLANTATIONS SDN. BHD. ("BCPSB") FOR A TOTAL CASH CONSIDERATION OF RM90,000,000.00 ("PROPOSED DISPOSALS")

WTK HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PROPOSED DISPOSAL BY BIOGROW CITY SDN. BHD. ("BCSB") AND BIOWORLD SYNERGIES SDN. BHD. ("BSSB"), BOTH OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF W T K HOLDINGS BERHAD ("WTK"), OF 85% EQUITY INTEREST AS WELL AS PREFERENCE SHARES IN BIOGROW CITY PLANTATIONS SDN. BHD. ("BCPSB") FOR A TOTAL CASH CONSIDERATION OF RM90,000,000.00 ("PROPOSED DISPOSALS")

The Board of Directors of WTK wishes to announce that its wholly-owned subsidiaries had on 29 May 2026, entered into the following agreements in respect of the Proposed Disposals:-

 

(i) a conditional share sale agreement between BCSB and Rimbun Temasek Sdn. Bhd. (the "Purchaser") to dispose 8,500,000 ordinary shares in BCPSB, representing 85% equity interest in BCPSB, for a total cash consideration of RM65,600,000.00; and

 

(ii) a conditional share sale agreement between BSSB and the Purchaser to dispose 24,400,000 redeemable preference shares in BCPSB for a total cash consideration of RM24,400,000.00.

 

Further details of the Proposed Disposals are set out in the attachment.


This announcement is dated 29 May 2026.


Please refer attachment below.

Attachments

WTK-Announcement (Proposed Disposals).pdf
1.3 MB


Announcement Info

Company Name WTK HOLDINGS BERHAD
Stock Name WTK
Date Announced 29 May 2026
Category General Announcement for PLC
Reference Number GA1-29052026-00010


View original announcement