TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ACQUISITION OF ADDITIONAL EQUITY INTEREST IN SUBSIDIARY, UNISEM ADVANCED TECHNOLOGIES SDN BHD

UNISEM (M) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ACQUISITION OF ADDITIONAL EQUITY INTEREST IN SUBSIDIARY, UNISEM ADVANCED TECHNOLOGIES SDN BHD

The Board of Directors of Unisem (M) Berhad (“Unisem” or “Company”) wishes to announce that the Company had on 25 October 2019 entered into a share sale agreement (the “Agreement”) with FlipChip International, LLC (“FCI”) to acquire additional 7.59% equity interest in its subsidiary, Unisem Advanced Technologies Sdn Bhd (“UAT”) comprising 6,304,500 ordinary shares (“UAT Shares”) from FCI for a cash consideration of RM7,058,062 or at RM1.12 per UAT Share upon the terms and conditions of the Agreement (the “Acquisition”). 

 

The Acquisition is to streamline the corporate structure and allows Unisem to consolidate 100% of the results of UAT.

Please refer to the attachment for the detailed announcement.

This announcement is dated 25 October 2019.




Please refer attachment below.



Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 25 Oct 2019
Category General Announcement for PLC
Reference Number GA1-21102019-00019