TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS On behalf of the Board of Directors of Hup Seng Industries Berhad ("Hupseng" or "the Company"), we wish to announce that Hupseng’s wholly-owned subsidiary namely Hup Seng Perusahaan Makanan (M) Sdn. Bhd. (“HSPM” or “Purchaser”) had on 8 June, 2011 entered into a Sale and Purchase Agreement (“SPA”) with Tiong Bee Industries Sdn. Bhd. (“Tiong Bee” or “Vendor”) to purchase a piece of leasehold land of 60 years expiring on 26 September, 2040 together with a building thereon known as No.1A, Jalan Kapal, Kawasan Perindustrian Tongkang Pecah, 83010 Batu Pahat, Johor containing an area measuring approximately one acres (hereinafter referred to as the “said Property”) at a purchase price of RM1,000,000.00 (Malaysia Ringgit: One Million Only) (hereinafter referred to “the Transaction”). Details of the Transaction is stated in the attachment below. This announcement is dated 8 June, 2011.

HUP SENG INDUSTRIES BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionOn behalf of the Board of Directors of Hup Seng Industries Berhad ("Hupseng" or "the Company"), we wish to announce that Hupseng’s wholly-owned subsidiary namely Hup Seng Perusahaan Makanan (M) Sdn. Bhd. (“HSPM” or “Purchaser”) had on 8 June, 2011 entered into a Sale and Purchase Agreement (“SPA”) with Tiong Bee Industries Sdn. Bhd. (“Tiong Bee” or “Vendor”) to purchase a piece of leasehold land of 60 years expiring on 26 September, 2040 together with a building thereon known as No.1A, Jalan Kapal, Kawasan Perindustrian Tongkang Pecah, 83010 Batu Pahat, Johor containing an area measuring approximately one acres (hereinafter referred to as the “said Property”) at a purchase price of RM1,000,000.00 (Malaysia Ringgit: One Million Only) (hereinafter referred to “the Transaction”). Details of the Transaction is stated in the attachment below. This announcement is dated 8 June, 2011.


Announcement Info

Company NameHUP SENG INDUSTRIES BERHAD  
Stock Name HUPSENG    
Date Announced8 Jun 2011  
CategoryGeneral Announcement
Reference NoHS-110608-51783