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 ('SDSB'), A WHOLLY-OWNED SUBSIDIARY OF SALCON, OF ITS ENTIRE 4,519,569 SHARES COMPRISING 20 ORDINARY SHARES AND 4,519,549 PREFERENCE SHARES, REPRESENTING 20% OF THE TOTAL ISSUED SHARE CAPITAL IN ECO WORLD-SALCON Y1 PTY LTD ('EWSY1') TO FORTUNE QUEST GROUP LTD ('FORTUNE QUEST'), A WHOLLY-OWNED SUBSIDIARY OF ECO WORLD INTERNATIONAL BERHAD ('EWI') FOR A TOTAL CASH CONSIDERATION OF AUD4,519,569 |
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Pursuant to Paragraph 10.08(1) of the Bursa Malaysia Securities Berhad ('Bursa Securities') Main Market Listing Requirements ('Main LR'), the Board of Directors of Salcon ('Board') wishes to announce that SDSB had on 11 April 2019 entered into a Share Sale and Purchase Agreement ('SSA') with Fortune Quest for the disposal of its entire 4,519,569 shares comprising 20 ordinary shares and 4,519,549 preference shares, representing 20% of the total issued share capital ('Sale Shares' or 'Shares') in EWSY1 for a total cash consideration of AUD4,519,569 ('Disposal Consideration') ('Proposed Disposal').
Please refer to the attached file for more details. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 11 Apr 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10042019-00011 |
Attachments
- SB_SDSB_Dispose_of_Remaining_Equity_Interest_in_EWSY1_to_Fortune_Quest.pdf (Size: 261,294 bytes)