Hextar Technologies Board Recommends Shareholders Back Guper Bonded Warehouse Sale to Hextar Holdings

Bitget2026/11/06 02:41

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Hextar Technologies Solutions' audit committee deemed the proposed Guper Bonded Warehouse sale fair and reasonable in a November 6, 2026, circular.
The transaction transfers its entire 100% stake to Hextar Holdings for RM 2.77 million.
Total cash proceeds, including redeemable convertible preference share redemption and intercompany repayments, reach RM 38.14 million; expected disposal gain is RM 31.59 million.
Proceeds earmarked for technology investment total RM 20 million, with RM 16 million allocated to debt repayment.
Completion is expected in December 2026, subject to required approvals and fulfillment of conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hextar Technologies Solutions Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3722626) on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hextar Technologies Board Recommends Shareholders Back Guper Bonded Warehouse Sale to Hextar Holdings

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