TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HANDAL RESOURCES BERHAD ("HRB" or "Company") - 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
HANDAL RESOURCES BERHAD ("HRB" or "Company")
- 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")

Further to our announcement dated 24 January 2018 and 29 January 2018 in relation to the Proposed Acquisition, the Board of Directors of HRB wishes to announce that:

 

  1. The transfer of the Share Sales have been successfully effected on 14 March 2018.
  2. Handal Simflexi Sdn. Bhd. (formerly known as Simflexi Sdn Bhd until its change of name on 9 March 2018) is now a 51% owned subsidiary of HRB.

 

This announcement is dated 14 March 2018.

 






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 14 Mar 2018
Category General Announcement for PLC
Reference Number GA1-14032018-00025