The Board of Directors of DATASONIC wishes to announce that the Company has on 9 October 2026 undertaken the following transactions:-
(i) entered into a first Shares Sale Agreement ("First SSA") with AIMAX Berhad (formerly known as Hong Seng Consolidated Berhad) ("AIMAX" or the "First Vendor"), to undertake the proposed acquisition of 1,000,000 ordinary shares in IF Security Solution Sdn Bhd ("IFSS"), representing the entire issued share capital of IFSS ("IFSS Sale Shares"), from the First Vendor for a total purchase consideration of RM1,000,000.00 ("Proposed Acquisition of IFSS"); and
(ii) entered into a second Shares Sale Agreement ("Second SSA") with AIMAX Assets Sdn Bhd (formerly known as HS Green Valley Sdn Bhd) (a wholly-owned subsidiary of the First Vendor) ("AIMAX Assets" or the "Second Vendor"), to undertake the proposed acquisition of 1,000,000 ordinary shares in Premiumway Development Sdn Bhd ("PDSB"), representing the entire issued share capital of PDSB ("PDSB Sale Shares"), from the Second Vendor for a total purchase consideration of RM14,124,994.14 ("Proposed Acquisition of PDSB").
(The First SSA and the Second SSA are collectively referred to as the "SSA", items (i) and (ii) above are collectively referred to as the "Proposed Acquisition" and the aggregate purchase considerations of RM15,124,994.14 for the Proposed Acquisition is referred to as the "Purchase Consideration")
Please refer to the attached file for the details of the announcement.
This announcement is dated 9 October 2026.