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CI Holdings Bhd Acquires Entire Issued And Paid Up Share Capital Of Continental Resources Sdn Bhd

Friday, 8 Nov 2013 04:08am EST 

CI Holdings Bhd announced that it has acquired the entire issued and paid-up share capital of Continental Resources Sdn Bhd (CRSB) comprising 1,800,000 ordinary shares of MYR1.00 each in CRSB, for a purchase consideration of MYR42.0 million to be satisfied via the issuance of 20,000,000 new ordinary shares of MYR0.50 each in CIH (CIH shares) at an issue price of MYR1.10 per CIH share and the remaining MYR20.0 million in cash (proposed acquisition). 

Company Quote

21 Nov 2014