TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY HRB OF 51,000 ORDINARY SHARES REPRESENTING 51% EQUITY INTEREST IN SIMFLEXI SDN. BHD. (SIMFLEXI) FOR A TOTAL PURCHASE CONSIDERATION OF RM 5.1 MILLION (PROPOSED ACQUISITION)

HANDAL RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY HRB OF 51,000 ORDINARY SHARES REPRESENTING 51% EQUITY INTEREST IN SIMFLEXI SDN. BHD. (SIMFLEXI) FOR A TOTAL PURCHASE CONSIDERATION OF RM 5.1 MILLION (PROPOSED ACQUISITION)

The Board of Directors of Handal Resources Berhad ("HRB" or “the Company”) wishes to announce that the Company had entered into a Share Sale Agreement on 22 January 2018 with Kemuncak Lanai Sdn Bhd ("Kemuncak") for the proposed acquisition of 51,000 ordinary shares of Simflexi Sdn Bhd (“Simflexi”) held by Kemuncak, representing 51% equity interest in Simflexi for a total purchase consideration of RM5.1 million (“Proposed Acquisition”).

Please refer to the attachment for details of the announcement.

This announcement is dated 24 January 2018.




Please refer attachment below.



Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 24 Jan 2018
Category General Announcement for PLC
Reference Number GA1-24012018-00100