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 previous announcements and the circular to shareholders dated 28 October 2024 in relation to the (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.

On behalf of the Board, UOBKH wishes to announce that the outstanding conditions precedent set out in the SPA (i.e. the Vendor completing the Pre-Acquisition Restructuring and the Key Personnel executing a Shareholders’ Agreement) have been fulfilled on 9 December 2024, resulting in the SPA being unconditional on the even date.

This announcement is dated 9 December 2024.



Announcement Info

Company Name RADIANT GLOBALTECH BERHAD
Stock Name RGTECH
Date Announced 09 Dec 2024
Category General Announcement for PLC
Reference Number GA1-09122024-00054