OTHERS DISPOSAL OF ITS 51% EQUITY INTERESTS IN HWG TIN MINING SDN BHD

HO WAH GENTING BERHAD

Type Announcement
Subject OTHERS
Description
DISPOSAL OF ITS 51% EQUITY INTERESTS IN HWG TIN MINING SDN BHD

Further to the Company's announcement on 19 November 2018 pertaining to the Disposal of 51% equity interests in HWG Tin Mining Sdn Bhd ("HWGTM") ("Disposal"), the Board of Directors wishes to provide the following additonal information on the Disposal:

1. Date of the Company investment in HWGTM was on 7 July 2007;

2. Loss on Disposal of approximately RM25.89 million was derived at - Please refer to PDF file attached.

3. Total amount of shareholder's advances owing by HWGTM to the Company as at 19 November 2018 stood at RM55,219,937.

4. No approval from relevant authority is required for the Disposal.




Please refer attachment below.

Attachments

Loss on disposal HWGTM.pdf
7.7 kB



Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 21 Nov 2018
Category General Announcement for PLC
Reference Number GA1-21112018-00072