Additional Listing Announcement /Subdivision of Shares
| GLOSTREXT BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | ACQUISITION BY GLOSTREXT BERHAD ("GLOSTREXT") OF 3,500,000 ORDINARY SHARES REPRESENTING 70.0% EQUITY INTEREST IN POWERTECS SYSTEM SDN BHD (“POWERTECS”) FROM CHEN SONG WIE AND NG CHUEE CHOO FOR A PURCHASE CONSIDERATION OF RM4,200,000 TO BE SATISFIED VIA A COMBINATION OF CASH AND ISSUANCE OF 10,000,000 NEW ORDINARY SHARES IN GLOSTREXT AT AN ISSUE PRICE OF RM0.21 PER SHARE |
| No. of shares issued under this corporate proposal | 10,000,000 |
| Issue price per share | Malaysian Ringgit (MYR) 0.2100 |
| Par Value (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 417,041,000 |
| Issued Share Capital | Malaysian Ringgit (MYR) 52,328,800.000 |
| Listing Date | 17 Feb 2025 |
Announcement Info
| Company Name | GLOSTREXT BERHAD |
| Stock Name | GLXT |
| Date Announced | 14 Feb 2025 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-14022025-00004 |