Circular/Notice to Shareholders

HANDAL RESOURCES BERHAD

SubjectCIRCULAR TO SHAREHOLDERS IN RELATION TO

PART A
PROPOSED ACQUISITION OF THE USE OF THE INTELLECTUAL PROPERTY RIGHTS OF THE “SEACRANE” OFFSHORE PEDESTAL CRANE PRODUCT LINE (WHICH INCLUDES THE “SEACRANE” TRADEMARK) IN ASIA, AFRICA, EUROPE AND OTHER COUNTRIES (APART FROM THOSE LOCATED IN NORTH AMERICA AND SOUTH AMERICA) BY HANDAL OFFSHORE SERVICES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HANDAL RESOURCES BERHAD, FOR A CASH CONSIDERATION OF UNITED STATES DOLLAR THREE MILLION SEVEN HUNDRED AND FIFTY THOUSAND (USD3,750,000) (“PROPOSED ACQUISITION”)

PART B
INDEPENDENT ADVICE LETTER FROM THE INDEPENDENT ADVISER, SIERAC CORPORATE ADVISERS SDN BHD, TO THE NON-INTERESTED SHAREHOLDERS OF HANDAL RESOURCES BERHAD IN RELATION TO THE PROPOSED ACQUISITION


Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced6 May 2011  
CategoryPDF Submission
Reference NoCA-110506-63415