Cekd Berhad (Malaysia)

The Company was incorporated in Malaysia on 27 June 2018 under the Act as a public limited company under the name Print & Pack Solution Group Berhad. On 4 February 2020 the Company changed it name to CEKD Berhad.
The principal activity of the Company is an investment holding. Through the subsidiaries, they are principally involved in the manufacturing of die-cutting moulds and trading of related consumables, tools and accessories.
RESTRUCTURING EXERCISE
For the purpose of its Proposed Listing on the ACE Market of Bursa Securities (“Proposed Listingâ€), the Company undertook a restructuring exercise via the acquisition of Sharp DCM Group and Hotstar (collectively known as “Group’).
The Company was incorporated as a special purpose investment holding vehicle to hold the combining entities pursuant to an internal restructuring.
On 7 December 2020, CEKD entered into a conditional share sale agreement with CEKD Holding to acquire the entire equity interest in Sharp DCM for a total purchase consideration of RM28,634,400 to be satisfied by issuance of 120,312,605 new ordinary shares in CEKD at an issue price of RM0.238 per share (“Acquisition of Sharp DCMâ€).
On 7 December 2020, CEKD entered into a conditional share sale agreement with CEKD Holding to acquire the entire equity interest in Hotstar for a total purchase consideration of RM5,633,500 to be satisfied by issuance of 23,670,168 new ordinary shares in CEKD at an issue price of RM0.238 per share (“Acquisition of Hotstarâ€).
On 21 June 2021, pursuant to the share sale agreement, the Company issued and allotted 143,982,773 new ordinary shares of RM0.238 each to CEKD Holding to acquire the entire equity interest in Sharp DCM and Hotstar. The new Shares issued under the Acquisition of Sharp DCM and Acquisition of Hotstar rank equally in all respects with existing CEKD Shares. Thereafter, Sharp DCM and Hotstar become wholly-owned subsidiaries of the Company.