Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions
| Type | Announcement | ||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
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| Description | PROPOSED ACQUISITION BY SALCON BERHAD OF 10,307,383 ORDINARY SHARES OF S$1.00 EACH FULLY PAID IN SALCON DARCO ENVIRONMENTAL PTE LTD (FORMERLY KNOWN AS DARCO ENVIRONMENTAL PTE LTD), REPRESENTING THE REMAINING 40% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF SALCON DARCO ENVIRONMENTAL PTE LTD (FORMERLY KNOWN AS DARCO ENVIRONMENTAL PTE LTD) FROM DARCO WATER TECHNOLOGIES LTD | ||||||||||
The Board of Directors of Salcon Berhad (“Salcon” or “the Company”) is pleased to announce that the Company has on 26th April 2013 entered into a Sale and Purchase Agreement with Darco Water Technologies Ltd (Registration No. 200106732C) (“Darco Water Technologies”) to acquire 10,307,383 Ordinary shares of S$1.00 each fully paid in Salcon Darco Environmental Pte Ltd (formerly known as Darco Environmental Pte Ltd) (Registration No. 200107899E) (“SDE”), representing the remaining 40% of the total issued and paid-up share capital of SDE not already owned by Salcon (“Sale Shares”), for a total cash purchase consideration of RMB63,000,000.00 (equivalent to RM31,027,757) (SPA”) [“Proposed Acquisition”]. Please refer to the attached file for further details of the Proposed Acquisition. Announcement Info
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Attachments
- SALCON260413.pdf (Size: 273,274 bytes)