Submitting Merchant Bank
:
OSK INVESTMENT BANK BERHAD
Company Name
:
SCIENTEX BERHAD
Stock Name
:
SCIENTX  
Date Announced
:
08/01/2013


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
SCIENTEX BERHAD ("SB" OR THE "COMPANY")

ACQUISITION BY SCIENTEX PACKAGING FILM SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF GREAT WALL PLASTIC INDUSTRIES BERHAD AND GW PACKAGING SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF GW PLASTICS HOLDINGS BERHAD, FOR A TOTAL PURCHASE CONSIDERATION OF RM283.20 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISITIONS")

Announcement Details/Table Section :

We refer to the announcements dated 3 October 2012, 8 October 2012, 24 October 2012, 26 November 2012 and 19 December 2012 in relation to the Acquisitions.

On behalf of the Board of Directors of SB, OSK Investment Bank Berhad wishes to announce that all conditions precedent applicable in respect of the Share Sale Agreement dated 3 October 2012 for the Acquisitions ("SSA") have been fulfilled or obtained in accordance with the terms and conditions of the SSA on 3 January 2013 and the final payment of Purchase Consideration has been received by GW Plastics Holdings Berhad on 8 January 2013, marking the completion of the Acquisitions.

This announcement is dated 8 January 2013.


© 2013, Bursa Malaysia Berhad. All Rights Reserved.


distributed by