TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITIONS OF TWO PARCELS OF LAND BY HUP SENG PERUSAHAAN MAKANAN (M) SDN BHD (19770-K)

HUP SENG INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITIONS OF TWO PARCELS OF LAND BY HUP SENG PERUSAHAAN MAKANAN (M) SDN BHD (19770-K)

Unless otherwise defined, the terms used in this announcement shall have the same meanings as defined in the earlier announcements in relation to the Proposed Acquisitions.

 

Reference is made to our announcements dated 9 March 2016 and 12 May 2016 in relation to the Proposed Acquisitions of two parcels of land by Hup Seng Perusahaan Makanan (M) Sdn Bhd (“HSPM”), a wholly-owned subsidiary of Hup Seng Industries Berhad (“HSIB”), for a total consideration of RM17,490,000.00 (inclusive of Goods and Services Taxes).

The Board of Directors of HSIB wishes to inform that all Conditions Precedent have been fulfilled and the Proposed Acquisitions have been completed on 6 September 2016.

This announcement is dated 7 September 2016.






Announcement Info

Company Name HUP SENG INDUSTRIES BERHAD
Stock Name HUPSENG
Date Announced 07 Sep 2016
Category General Announcement for PLC
Reference Number GA1-07092016-00019