TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HANDAL RESOURCES BERHAD - DISPOSAL OF SIMFLEXI SDN BHD (FORMERLY KNOWN AS HANDAL SIMFLEXI SDN BHD)

HANDAL RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HANDAL RESOURCES BERHAD 
- DISPOSAL OF SIMFLEXI SDN BHD (FORMERLY KNOWN AS HANDAL SIMFLEXI SDN BHD)

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 11 April 2019.) 

 

Reference is made to Handal Resources Berhad’s (“Handal” or the “Company”) announcement dated 11 April 2019 on the disposal of 765,000 ordinary shares in Simflexi Sdn Bhd (formerly known as Handal Simflexi Sdn Bhd) representing 51% of its total issued share capital, to Shanghai EB Pipeline Engineering Ltd (“SHEB”) for a cash consideration of RM3,260,000 (“Disposal Consideration”) (“Disposal”).

 

The Company is pleased to announce that it has received the balance Disposal Consideration amounting to RM1,956,000 from SHEB. With that, all the conditions as stipulated in the SSA dated 10 April 2019 have been met and the Disposal is deemed to have been completed on even date.

 

This announcement is dated 31 July 2019.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 31 Jul 2019
Category General Announcement for PLC
Reference Number GA1-31072019-00135