TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF THE REMAINING 51% EQUITY INTEREST IN REWARD-LINK.COM SDN BHD (“REWARD-LINK”), COMPRISING 2,550,000 ORDINARY SHARES OF RM1.00 EACH IN REWARD-LINK FROM KARUNA CAPITAL SDN BHD (“KARUNA”) FOR A CASH CONSIDERATION OF RM3,500,000 (“PROPOSED ACQUISITION”)

REXIT BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION OF THE REMAINING 51% EQUITY INTEREST IN REWARD-LINK.COM SDN BHD (“REWARD-LINK”), COMPRISING 2,550,000 ORDINARY SHARES OF RM1.00 EACH IN REWARD-LINK FROM KARUNA CAPITAL SDN BHD (“KARUNA”) FOR A CASH CONSIDERATION OF RM3,500,000 (“PROPOSED ACQUISITION”)
The Board of Directors of the Company wishes to announce that the Company had, on 10 November 2014, entered into a conditional share purchase agreement with Karuna for the acquisition of the remaining 51% equity interest in Reward-Link, comprising 2,550,000 ordinary shares of RM1.00 each in Reward-Link for a cash consideration of RM3,500,000. Please refer to the attachment for the full text of the Announcement pertaining to the Proposed Acquisition. This Announcement is dated 10 November 2014.

Attachments Rexit-Announcement - 10 Nov 2014.doc 149 KB

This Web Page Created with PageBreeze Free HTML Editor