Others
| Type | Announcement |
| Subject | OTHERS |
| Description | SALCON BERHAD (“SALCON” or “COMPANY”) - ACQUISITION OF A SUBSIDIARY COMPANY |
Pursuant to Paragraphs 9.19(23) and 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Salcon wishes to announce the following transactions:- 1. Salcon had on 7th May 2014 subscribed for 200,000 ordinary shares of RM1.00 each in Volksbahn Technologies Sdn Bhd (Company No. 1038873-H) ("VTSB") for a total cash consideration of RM18.5 million, representing approximately 49.9999% of the total issued and paid-up capital of VTSB. 2. On the even date, Salcon entered into a Share Sale Agreement with Dato' Mohammad Hakim Low Bin Abdullah ("DMHL") to acquire 1 ordinary share of RM1.00 each in VTSB from DMHL for a cash consideration of RM5.0 million. (collectively known as "Transactions") Please refer to the attachment for further details on the Transactions. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 7 May 2014 |
| Category | General Announcement |
| Reference No | CK-140505-53731 |
Attachments
- SALCON_070514.pdf (Size: 201,894 bytes)