| SEG INTERNATIONAL BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
SEG INTERNATIONAL BHD ("SEGi" OR "THE COMPANY")
I. PROPOSED ACQUISITION BY SEGi EDUHUB SDN BHD ("SESB"), A WHOLLY-OWNED SUBSIDIARY OF SEGi, OF 100% EQUITY INTEREST IN PENINSULA EDUCATION SDN BHB, FROM GLOBAL ACTIVATE SDN BHD ("PROPOSED ACQUISITION OF PESB"); AND
II. PROPOSED ACQUISITION BY SESB OF 100% EQUITY INTEREST IN IMPERIAL EDUCATION (IPOH) SDN BHD, FROM HCK EDUCATION SDN BHD ("PROPOSED ACQUISITION OF IEISB")
(COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS")
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We refer to the announcement dated 28 December 2022 in relation to the Proposed Acquisitions. The Board of Directors of SEGi is pleased to announce that the Proposed Acquisitions has been completed on 1 February 2023 as all the conditions precedent of the sale and purchase agreements pertaining to the Proposed Acquisitions are fulfilled. This announcement is dated 2 February 2023. |
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