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[6-K] SAGTEC GLOBAL LIMITED Ordinary shares Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SAGT (SAGTEC Global Limited) filed a Form 6-K disclosing that its previously announced share-sale agreement with RAMSSOL Group Berhad has been terminated because the transaction failed to secure board approval. The cancelled deal, publicised in a press release dated 4 Aug 2025 and furnished as Exhibit 99.1, would have resulted in the acquisition of Rider Gate. No financial terms, break-fees or revised guidance were provided. The filing contains no earnings data or updated forecasts; it solely reports the withdrawal and includes standard signature and exhibit tables.

Positive

  • None.

Negative

  • Termination of proposed acquisition eliminates a planned growth transaction and may indicate board concerns, creating strategic uncertainty for investors.

Insights

TL;DR: Deal scrapped; potential strategic setback, modest negative impact.

The 6-K confirms the board blocked SAGTEC’s planned acquisition of Rider Gate via RAMSSOL share-sale. Termination removes an expansion avenue and may signal governance misalignment or due-diligence issues. Because no financial metrics were released, valuation impact is hard to quantify, yet the disclosure is material: investors expecting inorganic growth now face unchanged asset base and possible sunk deal costs. Absent penalty clauses, immediate cash effect may be limited, but strategic narrative weakens, warranting a cautious stance.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File Number: 001-42551

 

SAGTEC GLOBAL LIMITED

(Registrant’s Name)

 

No 43-2, Jalan Besar Kepong,

Pekan Kepong, 52100 Kuala Lumpur

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F         Form 40-F

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Reference is made to the current reports on Form 6-K filed by Sagtec Global Limited (the “Company”) with the U.S. Securities Exchange Commission on July 18, 2025. On August 4, 2025, Sagtec Global Limited (the “Company”) issued a press release, announcing that the share sale agreement with RAMSSOL Group Berhad was terminated for lack of board approval.

 

A copy of the press release is furnished as Exhibit 99.1 to this report on Form 6-K.

 

Financial Statements and Exhibits.

 

The following exhibits are being filed herewith:

 

Exhibit No.   Description
99.1   Press Release dated August 4, 2025 titled: “SAGTEC Withdraws from Proposed Acquisition of Rider Gate”

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

SAGTEC GLOBAL LIMITED  
   
By: /s/ Ng Chen Lok  
Name: Ng Chen Lok  
Title: Chairman, Chief Executive Officer and Executive Director  

 

Date: August 4, 2025

 

2

 

FAQ

Why did SAGT terminate the RAMSSOL share-sale agreement?

The filing states the deal was cancelled due to lack of board approval.

What was the cancelled transaction involving Rider Gate?

SAGTEC planned to acquire Rider Gate via a share-sale agreement with RAMSSOL Group Berhad, but the deal has been withdrawn.

Does the 6-K include financial impact or break-fees?

No. The document provides no financial terms or penalties related to the termination.

When was the termination announced?

A press release dated 4 August 2025 was furnished as Exhibit 99.1.

What form did SAGT use to disclose this event?

SAGTEC used Form 6-K, the current report for foreign private issuers.
SAGTEC GLOBAL LTD

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24.73M
4.04M
68.29%
2.04%
0.69%
Software - Application
Technology
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Malaysia
Kuala Lumpur