TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ASDION BERHAD ("ASDION" OR "COMPANY") CONDITIONAL SHARE SALE AGREEMENT ("CSSA") BETWEEN PT GLOBAL DANA SEJAHTERA ("PTGDS") AND PT TRANS INFRA NUSANTARA ("PTTIN"), A 99% OWNED SUBSIDIARY OF TAZ LOGISTICS SDN BHD, A FULLY OWED SUBSIDIARY OF ASDION BERHAD
| ASDION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ASDION BERHAD ("ASDION" OR "COMPANY")
CONDITIONAL SHARE SALE AGREEMENT ("CSSA") BETWEEN PT GLOBAL DANA SEJAHTERA ("PTGDS") AND PT TRANS INFRA NUSANTARA ("PTTIN"), A 99% OWNED SUBSIDIARY OF TAZ LOGISTICS SDN BHD, A FULLY OWED SUBSIDIARY OF ASDION BERHAD |
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The Board of Directors of Asdion (“Board”) wishes to announce that PTTIN (“Purchaser”), a 99% owned sub-subsidiary of Asdion, had on 19 March 2024 entered into a Conditional Share Sale Agreement (“CSSA”) with PTGDS (“Vendor”) to purchase 51% of equity interest comprising of 51,600 ordinary shares (“Sale Shares”) in PT Indoexpress Logistics (“INDOEXPRESS”) to be settled by the Purchaser’s Redeemable Convertible Preference Shares (“RCPS”) of equivalent to Indonesia Rupiah Twenty Billion (Rp20,000,000,000.00) equivalent Ringgit Malaysia approximately of Six Million (RM6,000,000.00) only (“Consideration”) subject to the terms and conditions stated in the CSSA (“the Acquisition”).
Upon completion of the Acquisition, INDOEXPRESS shall become a 51% owned sub-subsidiary of Asdion.
The details of the announcement is attached herewith.
This announcement is dated 19 March 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | ASDION BERHAD |
| Stock Name | ASDION |
| Date Announced | 19 Mar 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19032024-00059 |