Transactions (Chapter 10 Of Listing Requirements): Related Party Transactions

BackDec 30, 2013
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

SALCON BERHAD ("SALCON" OR "THE COMPANY")

SALE OF SMALL OFFICE HOME OFFICE ("SOHO") BY AZITIN VENTURE SDN BHD ("AVSB"), A SUBSIDIARY OF SALCON DEVELOPMENT SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF SALCON, TO RELATED PARTIES.

 
Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Salcon wishes to announce that AVSB had on 30th December 2013 entered into separate sale and purchase agreements with the related parties, for the sale of SOHO to be erected on a master land held under H.S.(D) 78442 No. PT 11140, Bandar Selayang, Daerah Gombak, Negeri Selangor Darul Ehsan measuring approximately 3,988 square meters by AVSB within AVSB's property development project known as rés 280 located in Selayang, Selangor Darul Ehsan to the related parties.

Please refer to the attachment for further information.

This announcement is dated 30th December 2013.

Announcement Info

Company Name SALCON BERHAD  
Stock Name SALCON    
Date Announced 30 Dec 2013  
Category General Announcement
Reference No CK-131230-55241

Attachments

  1. SALCON_301213.pdf (Size: 35,649 bytes)