|Subject||:||TEXCHEM RESOURCES BHD ("TRB" OR THE "COMPANY")|
Proposed acquisition from Texchem Corporation Sdn Bhd of the following:
(i) 51% equity interest in Eye Graphic Sdn Bhd for a total cash consideration of RM3.274 million by TRB ("Proposed Acquisition of EGSB");
(ii) 51% equity interest in Sanko Kasei (M) Sdn Bhd for a total cash consideration of RM7.214 million by TRB ("Proposed Acquisition of SKSB"); and
(iii) 100% equity interest in Texchem Malaysia Sdn Berhad ("TMSB") by Texchem Materials Sdn Bhd, a wholly-owned subsidiary of TRB ("Proposed Acquisition of TMSB").
(collectively referred to as the "Proposed Acquisitions")