MULTIPLE PROPOSALS GETS GLOBAL BERHAD ("GETS" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

GETS GLOBAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
GETS GLOBAL BERHAD ("GETS" OR THE "COMPANY")

I.	PROPOSED PRIVATE PLACEMENT; AND

II.	PROPOSED DIVERSIFICATION 

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of GETS ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company intends to undertake the following:-

i. Proposed private placement of 158,000,000 new ordinary shares in GETS ("Placement Share(s)") at an issue price of RM0.55 per Placement Share to be satisfied entirely via cash ("Proposed Private Placement"); and

ii. Proposed diversification of the existing principal activities of GETS and its subsidiaries to include manufacturing, sales and marketing of gloves and other related activities ("Proposed Diversification").

Please refer to the attachment for further details of the Proposals.

 

This announcement is dated 8 September 2020.




Please refer attachment below.



Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 08 Sep 2020
Category General Announcement for PLC
Reference Number GA1-08092020-00061