Others
BackSep 30, 2014
| Type | Announcement |
| Subject | OTHERS |
| Description | SALCON BERHAD ("SALCON" OR "COMPANY") - ACQUISITION OF AN ADDITIONAL 423,510 ORDINARY SHARES IN PRESTASI KEMAS SDN BHD BY SALCON DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SALCON |
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Pursuant to Paragraphs 9.19(23) and 10.05 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce the following transaction:- Salcon Development Sdn Bhd, a wholly-owned subsidiary of the Company, had on 30 September 2014 entered into a Share Sale Agreement with Ding Pei Chai ("DPC") for the acquisition of an additional 423,510 ordinary shares of RM1.00 each, representing 30% of the total issued and paid-up share capital of Prestasi Kemas Sdn Bhd (Company No. 307041-H) from DPC for a total cash consideration of RM5,800,000.00. ("Transaction") Please refer to the attachment for further details on the Transaction. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 30 Sept 2014 |
| Category | General Announcement |
| Reference No | CK-140926-56243 |
Attachments
- Salcon_Ann_Acquisition_of_Subsidiary_Prestasi_Kemas_Sdn_Bhd.pdf (Size: 210,568 bytes)