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

BackJan 05, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

SALCON BERHAD ("SALCON" OR "THE COMPANY") PROPOSED ACQUISITION OF AN ADDITIONAL 1,500,000 ORDINARY SHARES OF RM1.00 EACH, IN SIGNCHARGE SDN BHD ("SCSB"), REPRESENTING 51.1% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SCSB BY SALCON WATER INTERNATIONAL LIMITED ("SWIL"), A WHOLLY-OWNED SUBSIDIARY OF SALCON, FROM MR SEE CHE CHI ("SCC") ("PROPOSED ACQUISITION")

Pursuant to Paragraph 10.05 of  Bursa Malaysia Securities Berhad (“Bursa Securities”) Main Market Listing Requirements (“Main LR”), the Board of Directors of Salcon, wishes to announce that on 5 January 2017, SWIL has entered into a Sale and Purchase Agreement (“SPA”) with SCC for the acquisition of an additional 1,500,000 ordinary shares of RM1.00 each in SCSB representing 51.1% of the issued and paid-up share capital of SCSB together with all rights attached thereto free from all charges, liens and other encumbrances and on the terms and subject to the conditions contained in the SPA from SCC for a total purchase consideration of RM600,000.00 (“Purchase Consideration”).

 

Please refer to the attached file for further details.

 


Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 05 Jan 2017
Category General Announcement for PLC
Reference Number GA1-05122016-00012

Attachments

  1. Ann_Proposed_Acquisition_of_additional_shares_in_SignCharge_Sdn_Bhd_05.01.2017.pdf (Size: 299,428 bytes)