Announcement Details/Table Section :
With reference to the Company’s earlier announcement dated 22 November 2010 and on behalf of the Board of Directors of Salcon (“Board”), MIMB Investment Bank Berhad is pleased to announce that the Disposal is deemed completed by the Board following the completion of the conditions precedent of the Sale and Purchase Agreement dated 22 November 2010 relating to the Disposal (“SPA”). Concurrent with the completion of the Disposal, Salcon had on even date entered into a Shareholders’ Agreement (“SA”) with EMIF.
The SA governs matters relating to the ownership, management, control and operation of the Salcon Asia Group as well as the relationship between Salcon and EMIF.
The SA will be available for inspection at the registered office of Salcon at 15th Floor, Menara Summit, Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan, during normal business hours from Monday to Friday (except public holidays) for a period of thirty (30) days from the date of this announcement.
For consistency, the abbreviations used above are the same as those previously defined in the Company’s announcement dated 22 November 2010.
This announcement is dated 28 February 2011.
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