20 Microns Limited — Important, 22-11-2024: Agreements

20 Microns Limited has provided an update regarding its acquisition efforts in Malaysia through its subsidiary, 20 Microns SDN BHD. The company will acquire 90% equity shares and corresponding voting rights in Goh Teik Lim Quarry SDN BHD. Additionally, it will acquire 86.68% equity shares and voting rights in IQ Marbles SDN BHD. Definitive share purchase agreements have been signed for both transactions, marking a significant step in expanding the company’s operations in the region. Following these agreements, 20 Microns SDN BHD will proceed with the transfer of equity shares and payment to the respective selling shareholders, signaling potential growth and strategic alignment in the quarry and marble sectors. Investors should monitor these developments closely for possible future benefits.