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 (VI) SALCON SHANDONG (HK) LIMITED |
(All terms and expressions used herein shall have the same meaning as those used in the Company’s announcements dated 12 September 2013, 11 November 2013, 27 November 2013 and 20 December 2013 in relation to the Proposed Disposals, unless stated otherwise.) We refer to the Company’s previous announcements made by HLIB on behalf of the Company in relation to the Proposed Disposals. Further to the Company’s announcement on 20 December 2013, on behalf of the Board of Salcon (“Board”), HLIB wishes to announce that the Company had on 23 December 2013 received the Second Payment-A of approximately RMB278.5 million, from BEWG for the proposed disposals of the entire issued and paid-up share capital of Salcon Darco and Salcon Jiangsu pursuant to the SPA-A and Letter-A. The proposed disposals of the entire issued and paid-up share capital of Salcon Darco and Salcon Jiangsu pursuant to the SPA-A and Letter-A are deemed to be completed on 23 December 2013 (“Completion-A”). In accordance with the term of the SPA-A, BEWG shall pay to Salcon the Holdback Amount-A of RMB8,000,000 after the deductions allowed under the SPA-A , if any, within 10 business days after 9 months following the Completion-A. This announcement is dated 24 December 2013. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | ML-131223-67728 |