Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
SALCON BERHAD ("SALCON" OR THE "COMPANY") PROPOSED DISPOSAL BY SALCON DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SALCON, OF 80% EQUITY INTEREST IN SALCON DEVELOPMENT (AUSTRALIA) PTY LTD TO FORTUNE QUEST GROUP LTD, A WHOLLY-OWNED SUBSIDIARY OF ECO WORLD INTERNATIONAL BERHAD FOR A DISPOSAL CONSIDERATION OF AUD120,000 |
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On behalf of the Board of Directors of Salcon, Hong Leong Investment Bank Berhad wishes to announce that Salcon Development Sdn Bhd, a wholly-owned subsidiary of Salcon had on 10 April 2017 entered into a conditional share sale and purchase agreement with Fortune Quest Group Ltd, a wholly-owned subsidiary of Eco World International Berhad, for the proposed disposal of 80% equity interest in Salcon Development (Australia) Pty Ltd for a disposal consideration of AUD120,000 (“Proposed Disposal”). Please refer to the attachment for further details on the Proposed Disposal. This announcement is dated 10 April 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 10 Apr 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07042017-00050 |
Attachments
- Salcon_Ann_Proposed_Disposal.pdf (Size: 331,122 bytes)