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三公大吃小(www.eth108.vip):XOX's unit to acquire Theron for RM19.25mil

三公大吃小(www.eth108.vip):XOX's unit to acquire Theron for RM19.25mil

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KUALA LUMPUR: XOX Bhd has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil.

In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd for the proposed acquisition.

Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd.

As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.

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Symphony is principally engaged in the business of property development and property investment.

XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic.

“In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.

“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said.

In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.


转载说明:本文转载自Sunbet。
  • 线上博彩平台排名(www.99cx.vip) @回复Ta

    2022-09-02 00:13:16 

    “要我说,西班牙足球并没有被毁掉,巴萨和皇马都没有被毁掉。欧洲至少80%的球队经济状态比疫情发作之前更糟了,我以为皇马相较球队更好地应对了疫情造成的影响,他们严酷控制了薪资开支,有能力做他们想做的事。但皇马永远不能能像巴黎一样,由于后者作弊,皇马则不。巴黎圣日耳曼的薪资支出靠近6亿欧元,他们还处在一个转播权收入锐减40%的联赛之中。俱乐部永远不能能做到这样,由于他们背后依赖的不是一个国家。”我都哽咽了

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