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.



Announcement Info

Company Name REXIT BERHAD (ACE Market) 
Stock Name REXIT    
Date Announced 10 Nov 2014  
Category General Announcement
Reference No CC-141110-53683

 

 

 

 

 

 

 

 

 

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