Completion of Proposed Acquisition of Wisma Majuniaga Sdn Bhd
The Board of Directors (the “Board” or the “Directors”) of Regal International Group Ltd. (the “Company”, and together with its subsidiaries, the “Group”) refers to the Company’s announcement dated 21 July 2017 and 5 October 2017 (the “Announcements”) in relation to the proposed acquisition of Wisma Majuniaga Sdn Bhd (the “Acquisition”) and is pleased to announce that the Acquisition has been completed on 25 October 2017.
Following the completion of the Acquisition, the Company owns 100% of the issued and paid up share capital of Wisma Majuniaga Sdn Bhd through the Company’s wholly-owned subsidiary, Temasek Regal Capital Sdn Bhd.
Pursuant to the terms of the SPA, 24,803,192 Consideration Shares at the price of S$0.15 per Consideration Share were issued and allotted to the Vendor on 25 October 2017. Following the allotment and issuance of the Consideration Shares, the total number of issued and paid-up shares in the capital of the Company has increased from 200,114,059 Shares to 224,917,251 Shares.
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Regal International Group Ltd. (簡稱“公司”) 的董事會 (簡稱“董事會”) 茲提述公司先前於2017年7月21日及2017年10月5日所發佈之公告 (簡稱“公告”),有關公司擬議收購Wisma Majuniaga Sdn Bhd 之提案(簡稱“收購案”) ,特此宣佈收購案已於2017年10月25日完成。
收購案完成後,公司將通過其子公司Temasek Regal Capital Sdn Bhd擁有Wisma Majuniaga Sdn Bhd之100%已發行及實繳的股本。
依據協議之條款,24,803,192對價股已以每股S$0.15的價格,於2017年10月25日發行及配置予出售方。發行與配置對價股後,公司已發行及實繳的股本從200,114,059 股上調至224,917,251 股。
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For further information, kindly download the full announcement(s) as per link(s) below.
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