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BURSA ANNOUNCEMENTS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS - ACQUISITION OF 100% EQUITY INTEREST IN CLIMATE ATTITUDE SDN. BHD. BY ATTA GLOBAL GROUP BERHAD ("ATTA" or "the COMPANY")


Type
Announcement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionACQUISITION OF 100% EQUITY INTEREST IN CLIMATE ATTITUDE SDN. BHD. BY ATTA GLOBAL GROUP BERHAD ("ATTA" or "the COMPANY")


The Board of Directors of ATTA wishes to announce that on 19 August 2019, the Company (“the Purchaser”) has entered into a Share Sale Agreement (“SSA”) with Climate Attitude Sdn. Bhd. (1194032-U) (“the Vendor”) for the acquisition of 2 ordinary shares (“Sale Shares”) representing 100% equity interest in CLIMATE ATTITUDE SDN. BHD. (“CMASB”) for

  1. a cash consideration of RM2.00;and

  2. an agreed sum of RM23,999,998.00 as full settlement of total amount owing by CMASB to the Director

making a total purchase consideration of RM24,000,000.

(herein referred to as "Proposed Acquisition")

Upon completion of the Proposed Acquisition, CMASB will become a wholly owned subsidiary of ATTA.

Please refer to the attached files for the full text of the Annoncement and Valuation Letter C H Williams Talhar & Wong Sdn Bhd dated 21 May 2019.

This announcement is dated 20 August 2019.


ATTA - Valuation Report dated 21.05.2019.pdf

ATTA - Acquisition of CMASB-final.pdf


ANNOUNCEMENT INFO

Reference No GA1-09082019-00030
Company Name: ATTA GLOBAL GROUP BERHAD
Stock Name: ATTA
Date Announces: 20 Aug 2019
Category: General Announcement for PLC
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