TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SOLID AUTOMOTIVE BERHAD ("SOLID" OR THE "COMPANY") PROPOSED ACQUISITION OF 500,000 ORDINARY SHARES IN SYARIKAT SIM GHEE AUTO SUPPLY CO. SDN. BHD. ("SG"), REPRESENTING 100% EQUITY INTEREST IN SG BY THE COMPANY AND MAKING SG A 100% OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED ACQUISTION")
| SOLID AUTOMOTIVE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SOLID AUTOMOTIVE BERHAD ("SOLID" OR THE "COMPANY")
PROPOSED ACQUISITION OF 500,000 ORDINARY SHARES IN SYARIKAT SIM GHEE AUTO SUPPLY CO. SDN. BHD. ("SG"), REPRESENTING 100% EQUITY INTEREST IN SG BY THE COMPANY AND MAKING SG A 100% OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED ACQUISTION") |
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Pursuant to Paragraph 10.06 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of the Company (“Board”) wishes to announce that the Company had on 14th July 2025 entered into a Share Sale Agreement (“SSA”) with Ng Tian Seow, Leong Foo Weng and Hong Kok Liang (collectively the “Vendors”) to acquire 500,000 ordinary shares (“Sale Shares”) in SG (Company Registration No. 197401004383 / 21587-A), representing 100% equity interest in SG, for a total consideration of RM6,000,000.00 (“Purchase Consideration") only. The Purchase Consideration is subject to variations in accordance to clauses 2.5 and 2.6 of the SSA and subject to the terms and conditions stated therein (the “Proposed Acquisition”). Further details of the Proposed Acquisition are set out in the attachment enclosed. This announcement is dated 14th July 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | SOLID AUTOMOTIVE BERHAD |
| Stock Name | SOLID |
| Date Announced | 14 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18042025-00046 |