TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HUP SENG INDUSTRIES BERHAD (226098-P) (HSIB) PROPOSED ACQUISITIONS BY HUP SENG PERUSAHAAN MAKANAN (M) SDN BHD (19770-K) OF TWO PARCELS OF LAND IN MUKIM LINAU, DAERAH BATU PAHAT, NEGERI JOHOR (SAID PROPERTIES) FOR A TOTAL PURCHASE CONSIDERATION OF RM17,490,000.00 (INCLUDING GOODS AND SERVICES TAXES) (PROPOSED ACQUISITIONS)

HUP SENG INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HUP SENG INDUSTRIES BERHAD (226098-P) (HSIB)

PROPOSED ACQUISITIONS BY HUP SENG PERUSAHAAN MAKANAN (M) SDN BHD (19770-K) OF TWO PARCELS OF LAND IN MUKIM LINAU, DAERAH BATU PAHAT, NEGERI JOHOR (SAID PROPERTIES) FOR A TOTAL PURCHASE CONSIDERATION OF RM17,490,000.00 (INCLUDING GOODS AND SERVICES TAXES) (PROPOSED ACQUISITIONS)

The Board of Directors of HSIB is pleased to announce that Hup Seng Perusahaan Makanan (M) Sdn Bhd, a wholly-owned subsidiary of HSIB, had on 9 March 2016 entered into two conditional sale and purchase agreements dated 9 March 2016 with Syarikat Koon Fuat Industries Sdn Bhd (16860-A) for the Proposed Acquisitions.

Further details on the Proposed Acquisitions are set out in the attachment.

This announcement is dated 9 March 2016.




Please refer attachment below.



Announcement Info

Company Name HUP SENG INDUSTRIES BERHAD
Stock Name HUPSENG
Date Announced 09 Mar 2016
Category General Announcement for PLC
Reference Number GA1-04032016-00053