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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All terms and expressions used herein shall have the same meaning as those used in the Company’s announcements dated 11 April 2019 and 16 April 2019 in relation to the Proposed Disposal, unless stated otherwise.
We refer to the Company’s previous announcements in respect of the Proposed Disposal.
The Board wishes to announce that the Proposed Disposal has been completed today following the receipt of the Disposal Consideration of AUD4,519,569.
This announcement is dated 24 April 2019. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 24 Apr 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18042019-00056 |