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") JOINT VENTURE AGREEMENT BETWEEN CIRCLIC INTERACTIVE TOURISM SDN BHD (FORMERLY KNOWN AS CIRCLIC INTERACTIVE SDN BHD) ("CIRCLIC"), A 65%-OWNED SUBSIDIARY OF SALCON XINLIAN GROUP LIMITED ("SXGL"), WHICH IN TURN IS A 51.02%-OWNED SUBSIDIARY OF SALCON, AND SHENZHEN WISDOM SPORTS INDUSTRY CO., LTD ("SHENZHEN WISDOM") |
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Pursuant to paragraph 10.05 of Bursa Malaysia Securities Berhad Main Market Listing Requirements (Main LR”), the Board of Directors of Salcon wishes to announce that on 28 February 2017, CIRCLIC had entered into a Joint Venture Agreement (“JVA”) with SHENZHEN WISDOM for the following purposes:-
1. to form a joint venture through Wisdom Sports (M) Sdn Bhd (formerly known as Enrich Signature Sdn Bhd) (“WSSB” or “the JV Co”) (a wholly-owned subsidiary of CIRCLIC) for the purpose of organizing and managing the Belt and Road Marathon Majors (“BRMS”) to be held in Malaysia; and
2. to regulate the relationship of CIRCLIC and SHENZHEN WISDOM as shareholders of the JV Co. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 28 Feb 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27022017-00071 |
Attachments
- Salcon_Ann_JV_Agreement_with_Shenzhen_Wisdom_Sports_Industry_Co_Ltd__28_2_2017_.pdf (Size: 144,182 bytes)