TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HEITECH PADU BERHAD (HEITECH OR COMPANY) - PROPOSED SHARE SUBSCRIPTION OF 10,779,000 NEW ORDINARY SHARES IN SOUQA FINTECH SDN BHD (SOUQA FINTECH), REPRESENTING APPROXIMATELY 30% EQUITY INTEREST IN SOUQA FINTECH SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM16,168,500.00 (PROPOSED SHARE SUBSCRIPTION)
| HEITECH PADU BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | HEITECH PADU BERHAD (HEITECH OR COMPANY) - PROPOSED SHARE SUBSCRIPTION OF 10,779,000 NEW ORDINARY SHARES IN SOUQA FINTECH SDN BHD (SOUQA FINTECH), REPRESENTING APPROXIMATELY 30% EQUITY INTEREST IN SOUQA FINTECH SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM16,168,500.00 (PROPOSED SHARE SUBSCRIPTION) |
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The Board of HeiTech is pleased to announce that its wholly owned subsidiary, Synergy Grid Sdn Bhd (“SG”) [Registration No.: 202101029860 (1430160-W)] has entered into a Share Subscription Agreement (“SSA”) on 26 September 2024 to subscribe 10,779,000 new ordinary shares in Souqa Fintech Sdn Bhd ("SF") [Registration No.: 201701012317 (1226482-A)], representing 30% equity interest in the enlarge issued and paid up share capital of SF for a total consideration of RM16,168,500 or RM1.50 per share in which RM11,000,000.00 to paid in cash and RM5,168,500.00 in kind (“Proposed Share Subscription”). Upon the completion of the Proposed Share Subscription, SF will become a 30% owned associate company of HeiTech.
Please refer to the attachment for further details.
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Please refer attachment below.
Announcement Info
| Company Name | HEITECH PADU BERHAD |
| Stock Name | HTPADU |
| Date Announced | 27 Sep 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26092024-00044 |