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Pestech International Bhd Announces Acquisition Of SET

Monday, 26 Aug 2013 01:13am EDT 

Pestech International Bhd announced that it has entered into a Subscription Agreement with SET for the acquisition of 1,060,665 ordinary shares of SET amounting to 51% of the total enlarged issued and paid-up share capital of SET (Subscription Shares) for a total consideration of AUD1,060,665.00 or equivalent to MYR3,162,903.00 (based on forward exchange rate contract locked in at AUD1:MYR2.982), subject to the terms and conditions as contained in the Subscription Agreement. 

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