Transactions (Chapter 10 Of Listing Requirements): Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SALCON BERHAD ("SALCON" OR THE "COMPANY") PROPOSED DISPOSALS OF THE ENTIRE EQUITY INTERESTS HELD IN THE FOLLOWING: (I) SALCON DARCO ENVIRONMENTAL PTE LTD; (II) SALCON JIANGSU (HK) LIMITED; (III) SALCON FUJIAN (HK) LIMITED; (IV) SALCON ZHEJIANG (HK) LIMITED; (V) SALCON LINYI (HK) LIMITED; AND (VI) SALCON SHANDONG (HK) LIMITED |
On behalf of the Board of Directors of Salcon, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad), wishes to announce that the Company had on 12 September 2013 entered into the following agreements: (i) conditional sale and purchase agreement between Salcon and Beijing Enterprises Water Group Limited (“BEWG”) for the proposed disposals by Salcon of the entire equity interests held in Salcon Darco Environmental Pte Ltd and Salcon Jiangsu (HK) Limited to BEWG; and (ii) conditional sale and purchase agreement between Salcon, Salcon Water (Asia) Limited, a 60%-owned subsidiary of Salcon (“Salcon Water”) and BEWG for the proposed disposals by Salcon and Salcon Water of the entire equity interests held in Salcon Fujian (HK) Limited, Salcon Zhejiang (HK) Limited, Salcon Linyi (HK) Limited and Salcon Shandong (HK) Limited to BEWG for a total cash consideration of RMB955.0 million (equivalent to approximately RM518.28 million)(“Proposed Disposals”). Please refer to the attachment for further details on the Proposed Disposals. This announcement is dated 12 September 2013. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 12 Sept 2013 |
| Category | General Announcement |
| Reference No | ML-130912-50246 |
Attachments
- SALCON_120913A.pdf (Size: 572,630 bytes)