TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS D & O GREEN TECHNOLOGIES BERHAD ("D&O" OR "COMPANY") PROPOSED ACQUISITION OF 0.05% EQUITY INTEREST IN DOMINANT OPTO TECHNOLOGIES SDN BHD, A SUBSIDIARY OF D&O ("PROPOSED ACQUISITION III")
|D&O GREEN TECHNOLOGIES BERHAD|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
D & O GREEN TECHNOLOGIES BERHAD ("D&O" OR "COMPANY") PROPOSED ACQUISITION OF 0.05% EQUITY INTEREST IN DOMINANT OPTO TECHNOLOGIES SDN BHD, A SUBSIDIARY OF D&O ("PROPOSED ACQUISITION III")
We refer to the Company’s announcement dated 24 August 2017 where it was announced that D&O had issued offer letters to the Offerees to acquire their 30,750,000 Dominant Shares, representing approximately 27.95% of the equity interest in Dominant, for a total purchase consideration of RM275,212,500 or RM8.95 per Dominant Share which is to be satisfied via the issuance of new ICPS at the issue price of RM0.61 per ICPS, subject to the terms and conditions of the share purchase agreement attached to the Offer Letters.
On behalf of the Board, Maybank IB wishes to announce that Lai Kin Shin has accepted the Offer Letter and has entered into a conditional share purchase agreement with D&O today in relation to the proposed acquisition of 50,000 Dominant Shares, representing 0.05% equity interest in Dominant for a purchase consideration of RM447,500 to be satisfied by the issuance of 733,606 ICPS.
Please refer to the attachment for further details.
This Announcement is dated 3 October 2017.
Please refer attachment below.
|Company Name||D&O GREEN TECHNOLOGIES BERHAD|
|Date Announced||03 Oct 2017|
|Category||General Announcement for PLC|