TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY") PROPOSED ACQUISITION BY RGTECH OF 80% EQUITY INTEREST IN RYMNET SOLUTIONS SDN BHD FOR A PURCHASE CONSIDERATION OF RM52.50 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION AND ISSUANCE OF 30,303,000 NEW ORDINARY SHARES IN RGTECH ("RGTECH SHARE(S)" OR "SHARE(S)") ("PROPOSED ACQUISITION")

RADIANT GLOBALTECH BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY")

PROPOSED ACQUISITION BY RGTECH OF 80% EQUITY INTEREST IN RYMNET SOLUTIONS SDN BHD FOR A PURCHASE CONSIDERATION OF RM52.50 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION AND ISSUANCE OF 30,303,000 NEW ORDINARY SHARES IN RGTECH ("RGTECH SHARE(S)" OR "SHARE(S)") ("PROPOSED ACQUISITION")

We refer to the announcements dated 12 July 2024, 9 August 2024, 9 September 2024 and 25 September 2024 in relation to the Proposed Acquisition. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 17 October 2024, resolved to approve the listing and quotation of 30,303,000 Consideration Shares to be issued pursuant to the Proposed Acquisition.

The approval granted by Bursa Securities for the Proposed Acquisition is subject to the following conditions:-

  1. RGTECH and UOBKH must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition;
  2. RGTECH and UOBKH to inform Bursa Securities upon the completion of the Proposed Acquisition;
  3. RGTECH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed;
  4. Compliance by RGTECH with the public shareholding spread upon completion of the Proposed Acquisition. In this connection, UOBKH is to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the Listing Requirements to Bursa Securities, prior to the allotment and issuance of the Consideration Shares; and
  5. RGTECH to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in a general meeting approving the proposed Acquisition.

This announcement is dated 18 October 2024.






Announcement Info

Company Name RADIANT GLOBALTECH BERHAD
Stock Name RGTECH
Date Announced 18 Oct 2024
Category General Announcement for PLC
Reference Number GA1-18102024-00048