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 ACQUISITION OF THE EQUITY INTERESTS IN THE FOLLOWING COMPANIES BY SALCON WATER INTERNATIONAL LIMITED ("SWIL"), A WHOLLY-OWNED SUBSIDIARY OF SALCON, FROM SIGNCHARGE LIMITED ("SCL") (PROPOSED ACQUISITION): I. 100% OF THE ENTIRE ISSUED AND REGISTERED CAPITAL OF BEIJING XINLIAN YITONG TECHNOLOGY CO. LTD. ("BXYT") II. 13.1% OF THE ISSUED AND PAID UP SHARE CAPITAL OF SIGNCHARGE SDN BHD ("SCSB") |
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Pursuant to Paragraph 10.05 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce that on 3 November 2016, SWIL had entered into a Sale and Purchase Agreement with SCL for the acquisition of the equity interests in BXYT and SCSB from SCL for a total cash consideration of HKD9,600,000.00 (equivalent to approximately RM5,204,074). Please refer to the attached file for further details. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 03 Nov 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03112016-00035 |
Attachments
- Ann_SB_Acquisition_of_BXYT_and_SCSB_03.11.2016.pdf (Size: 86,982 bytes)