【RGTECH 0202 交流专区】

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2023	31 Dec 2022	31 Dec 2023	31 Dec 2022
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37,937	41,045	135,389	137,632
2	Profit/(loss) before tax	4,767	4,022	11,290	12,361
3	Profit/(loss) for the period	3,701	2,826	8,084	9,069
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,294	2,282	7,589	7,468
5	Basic earnings/(loss) per share (Subunit)	0.63	0.43	1.44	1.42
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.50	0.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1410		0.1480

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RADIANT GLOBALTECH BERHAD

Entitlement subject	First Interim Dividend
Entitlement description	First Interim Single-Tier Dividend of 0.5 sen per ordinary share
Ex-Date	03 Apr 2024
Entitlement date	04 Apr 2024
Entitlement time	5:00 PM
Financial Year End	31 Dec 2024
Period
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	18 Apr 2024
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	04 Apr 2024
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.0050

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	RADIANT GLOBALTECH BERHAD ("RGTECH" OR THE "COMPANY")PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN RYMNET SOLUTIONS SDN BHD ("RYMNET") FOR A PURCHASE CONSIDERATION OF RM52.50 MILLION ("PURCHASE CONSIDERATION") TO BE SATISFIED VIA A COMBINATION OF CASH AND ISSUANCE OF 30,303,000 NEW ORDINARY SHARES IN RGTECH ("RGTECH SHARE(S)" OR "SHARE(S)") ("PROPOSED ACQUISITION")
The Company had, on 12 July 2024, executed a legally binding term sheet with Un Sze Hau (“Vendor”) (collectively referred to as the “Parties”) in relation to the Proposed Acquisition (“Term Sheet”). The Term Sheet aimed to provide a structured framework and accord adequate time for the Parties to finalise the definitive terms of the conditional share purchase agreement (“SPA”). The Parties have, on 9 August 2024, mutually agreed to extend the negotiation period from 11 August 2024 up to 10 September 2024 via a supplemental letter issued by RGTECH dated on even date (“Extension of Time”). The Extension of Time was sought to accord additional time for both Parties to finalise the terms of the SPA. Subsequent thereto, on behalf of the Board of Directors of RGTECH, UOB Kay Hian Securities (M) Sdn Bhd is pleased to announce that the Company had on 9 September 2024, entered into a SPA with the Vendor to acquire 80,000 ordinary shares in Rymnet (“Rymnet Share(s)” or “Sale Share(s)”), representing 80% equity interest in Rymnet, for a purchase consideration of RM52.50 million. The Purchase Consideration shall be fully satisfied via a combination of cash consideration of RM42.50 million and the issuance and allotment of 30,303,000 new RGTECH Shares (“Consideration Share(s)”) at an issue price of RM0.33 per Consideration Share (“Issue Price”). The Issue Price was agreed upon between RGTECH and the Vendor on a willing-buyer willing-seller basis, based on the discount of approximately 9.98% to the 1-month volume weighted average market price of RGTECH Shares up to and including 11 July 2024, being the last trading day immediately prior to the date of the signing of the Term Sheet. The Proposed Acquisition is in line with the business strategic plans of RGTECH and its subsidiaries to widen and diversify its information technology (“IT”) solution offerings. For information purposes, Rymnet is an established IT solutions provider, focusing on the digitalisation of human resource (“HR”) management operations. Since launching its cloud-based platform in 2011, Rymnet has been providing a comprehensive suite of HR solutions, including, amongst others, payroll, time attendance, and e-learning software modules. Having an established track record of serving more than 200 clients, Rymnet offers streamlined and integrated HR solutions tailored to various industries. Further details of the Proposed Acquisition are set out in the attachment enclosed. This announcement is dated 9 September 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482310

Attachments Radiant Globaltech Berhad - Announcement on the SPA (9 September 2024).pdf