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 DISPOSAL OF 40,345,802 SHARES OF HK$1.00 EACH FULLY PAID IN SALCON LINYI (HK) LIMITED, REPRESENTING 100% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF SALCON LINYI (HK) LIMITED BY SALCON AND SALCON WATER (ASIA) LIMITED, A 60%-OWNED SUBSIDIARY OF SALCON, TO ORIENT HARMONY HOLDINGS LIMITED |
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Pursuant to Paragraphs 9.19(24) and 10.06 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce that Salcon, together with Salcon Water (Asia) Limited (Company No. 1039087) (“SWA”), a 60%-owned subsidiary of the Company, had on 26 April 2016 entered into a Share Sale and Purchase Agreement (“SSA”) with Orient Harmony Holdings Limited (Company No. 2311851) (“OHHL”) for the disposal by Salcon and SWA of 40,345,802 shares of HK$1.00 each fully paid up in Salcon Linyi (HK) Limited (Company No. 945149) (“SLHK”), representing 100% of the total issued and paid-up share capital of SLHK (“Sale Shares”) to OHHL for a total cash sale consideration of RMB98,000,000.00 only [equivalent to approximately RM58,936,733*] (“Sale Consideration”) (hereinafter referred to as “the Proposed Disposal”).
Please refer to the attachment for further details on the Proposed Disposal. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 26 Apr 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26042016-00116 |
Attachments
- Salcon_Ann_Chap_10_Draft_Ann_Disposal_of_Salcon_Linyi_(HK)_Limited.pdf (Size: 326,426 bytes)