TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AWC BERHAD ("AWC" OR "COMPANY") PROPOSED ACQUISITIONS BY AWC OF THE FOLLOWING: (I) THE REMAINING 49.00% EQUITY INTEREST IN STREAM GROUP SDN BHD ("STREAM GROUP") NOT ALREADY OWNED BY AWC FROM PREMIUM NXL SDN BHD ("PNSB"); AND (II) 51.00% EQUITY INTEREST IN PREMIUM PATENTS SDN BHD ("PREMIUM PATENTS") FROM PNSB AND PREMIUM DELUXE SDN BHD ("PDSB"), FOR A TOTAL CASH CONSIDERATION OF RM110,000,001 (COLLECTIVELY REFERRED TO AS "PROPOSED ACQUISITIONS")

AWC BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
AWC BERHAD ("AWC" OR "COMPANY")

PROPOSED ACQUISITIONS BY AWC OF THE FOLLOWING:

(I)	THE REMAINING 49.00% EQUITY INTEREST IN STREAM GROUP SDN BHD ("STREAM GROUP") NOT ALREADY OWNED BY AWC FROM PREMIUM NXL SDN BHD ("PNSB"); AND 

(II)	51.00% EQUITY INTEREST IN PREMIUM PATENTS SDN BHD ("PREMIUM PATENTS") FROM PNSB AND PREMIUM DELUXE SDN BHD ("PDSB"),

FOR A TOTAL CASH CONSIDERATION OF RM110,000,001 (COLLECTIVELY REFERRED TO AS "PROPOSED ACQUISITIONS")

We refer to the Company's announcement dated 14 September 2023 in relation to the Proposed Acquisitions ("Announcement"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Announcement.

On behalf of the Board, RHB Investment Bank wishes to announce the following revision (as per underlined) to Sections 1 and 9 of the Announcement:

The Proposed Acquisitions are not regarded as related party transactions and fall under Paragraph 10.08(11)(n) of the Listing Requirements. However, as the highest percentage ratio is 53.29% pursuant to Section 8 of the Announcement, the Proposed Acquisitions are subject to the approval of the shareholders of the Company pursuant to Paragraph 10.07 of the Listing Requirements.

Save for the above, all the other terms and conditions of the Proposed Acquisitions as set out in the Announcement shall remain unchanged.

This announcement is dated 15 November 2023.






Announcement Info

Company Name AWC BERHAD
Stock Name AWC
Date Announced 15 Nov 2023
Category General Announcement for PLC
Reference Number GA1-15112023-00049