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2018

Date Descriptions

18-01-2018

INTEGRATED LOGISTICS BERHAD (“ILB”)

ACQUISITION BY ILB’S WHOLLY-OWNED SUBSIDIARY, IL ENERGY SDN BHD (1147922-W) (“IL ENERGY”) OF 400,000 ORDINARY SHARES IN IL SOLAR SDN BHD (1148210-M) (“IL SOLAR”), AN INDIRECT SUBSIDIARY OF ILB AS FOLLOWS:

  1. 200,000 ORDINARY SHARES IN IL SOLAR FROM ATLANTIC BLUE SDN BHD (686139-X) (“ATLANTIC BLUE”) FOR A TOTAL CASH CONSIDERATION OF RM200,000 ONLY
  2. 200,000 ORDINARY SHARES IN IL SOLAR FROM PENSOLAR SDN BHD (1075975-W) (“PENSOLAR”) FOR A TOTAL CASH CONSIDERATION OF RM200,000 ONLY

(“the Acquisitions”)

ILB announced that ILB’s wholly-owned subsidiary, IL Energy has acquired 400,000 ordinary shares representing 20% of the issued and paid-up capital of IL Solar from Atlantic Blue and Pensolar for a total cash consideration of Ringgit Malaysia Four Hundred Thousand Only (RM400,000-00).

IL Solar is a 80% owned subsidiary of IL Energy which in turn is a wholly-owned subsidiary of ILB. As a result of the Acquisitions, the equity interest of IL Energy in IL Solar will increase from 80% to 100%.