GLXT: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED ACQUISITION OF 3,500,000 ORDINARY SHARES REPRESENTING 70.0% EQUITY INTEREST IN POWERTECS SYSTEM SDN BHD FROM CHEN SONG WIE AND NG CHUEE CHOO FOR A PURCHASE CONSIDERATION OF RM4,200,000 TO BE SATISFIED VIA A COMBINATION OF CASH AND ISSUANCE OF NEW ORDINARY SHARES IN GLOSTREXT; AND (II) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF GLOSTREXT AND ITS SUBSIDIARIES TO INCLUDE TRADING OF ELECTRICAL APPLIANCES, GENERATORS, ALTERNATORS AND OTHER RELATED PRODUCTS (COLLECTIVELY, REFERRED TO AS “PROPOSALS”)
GLXT：致股东的通函，涉及：（I）拟以4,200,000令吉的收购对价为4,200,000令吉的收购对价为4,200,000令吉收购POWERTECS SYSTEM SDN BHD的3,500,000股普通股，相当于POWERTECS SYSTEM SDN BHD的70.0％股权；以及（II）提议分散GLOSTREXT及其子公司的现有主要业务，包括电器贸易，发电机、交流发电机和其他相关产品（统称为”提案”）
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