ENRA KIMIA SDN. BHD
ACQUISITION OF INTERNATIONAL CHEMICALS ENGINEERING PTY LTD, BY ENRA KIMIA (AUSTRALIA) PTY LTD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ENRA GROUP BERHAD
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
The Board of Directors of ENRA Group Berhad ("ENRA" or "the Company") wishes to announce that ENRA’s indirect wholly-owned subsidiary, ENRA Kimia (Australia) Pty Ltd (“Purchaser”), has on 13 June 2018, entered into a conditional Share Sale Agreement ("SSA") to acquire 10,000 ordinary shares (“Shares”) representing 100% equity interest in International Chemicals Engineering Pty Ltd (“ICE”), in the proportions of 70% from Mr. Christopher Johs Ulrik (“CJU”) and 30% from Mr. Kenneth Inglis Lardner (“KIL”) (collectively “Vendor”), for a cash consideration of up to AUD2.9 million or approximately RM8.7 million and the assumption of AUD1.6 million or approximately RM4.7 million of existing shareholders’ loans in ICE (“Shareholders’ Loan”) (“Acquisition”). The aggregate of these amount to AUD4.5 million or approximately RM13.5 million.
Further details of the Acquisition are set out in the attachment enclosed.
This announcement is dated 13 June 2018.
ENRA GROUP BERHAD
General Announcement for PLC
13 Jun 2018
EGB_Bursa_Ann_dd13June2018_on_ICE_Acquisition.pdf (Size: 226,916 bytes)
ENRA Kimia Sdn Bhd (1130359-K)
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