OTHERS SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR "THE COMPANY") PROPOSED ACQUISITION BY CHIN HIN GROUP BERHAD ("CHGB") OF ADDITIONAL STAKE IN SIGN
| SIGNATURE INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR "THE COMPANY")
PROPOSED ACQUISITION BY CHIN HIN GROUP BERHAD ("CHGB") OF ADDITIONAL STAKE IN SIGN |
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The Board of Directors of SIGN (“Board”) wishes to announce that the Board has on 5 February 2024, received a notification from CHGB, a substantial shareholder of SIGN, informing the Board that CHGB had today executed conditional share sale agreements ("SSAs") with Teoh Hai Hin and Por Teong Eng respectively (collectively referred to as the "SIGN Vendors") for the proposed acquisition of 30,291,700 ordinary shares in SIGN ("SIGN Sale Shares"), representing approximately 4.77% equity interest in SIGN for a total cash consideration of RM25,445,028 or RM0.84 per SIGN Sale Share ("Proposed SIGN Acquisition") subject to the terms and conditions of the SSAs. CHGB has released an announcement pertaining to the Proposed SIGN Acquisition on 5 February 2024. Please refer to the press release made by CHGB as attached herewith for further details. This announcement is dated 5 February 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | SIGNATURE INTERNATIONAL BERHAD |
| Stock Name | SIGN |
| Date Announced | 05 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18012024-00039 |