Signature International Holdings announced that it plans to list its two subsidiaries Space Alliance and Zig Zag Builders under listing vehicle SAG on the Ace Market.
Based on the proposal SAG proposes to acquire SAC for RM30.5 million to be satisfied via the issuance of new ordinary shares in SAG to the vendors at an issue price of RM0.0516 and shares in Zig Zag Builders for a purchase consideration of RM7.6 million to be satisfied via the issuance of 148,000,000 new SAG Shares to the vendors at an issue price of RM0.0516 each.
The proposed arrangements are expected to be completed by the second quarter of 2025.
