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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
Type
Announcement | |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description |
HUA YANG BERHAD ("HYB" or "the Company") -Grand View Reality Sdn Bhd |
Reference is made to the Company’s announcement dated 11 January 2016 and 28 April 2016 on the acquisition of the entire paid up share capital of Grand View Realty Sdn Bhd (“GVSB”) pursuant to a conditional Share Sale Agreement (SSA) from Yeo Ann Seck, Loh Wui Tek, Sim Cher Chuan, Phun Chin Tung, Loh Ah Kow, Chew Seng Guan, Tiew Siang Yong, Lee Ah Kong, Lee Choon Phooi, Yeo Ann Ling and Ting Chu Huat (collectively known as the “Vendors”) and the terms used in this announcement is consistent with the terms used in the earlier announcement. In respect to the notice of claim from a creditor, the Company wishes to inform that GVSB has obtained the sealed consent judgement from the High Court on 19 July 2016 where the Vendors have agreed to pay to the creditor a sum of RM1,100,000 as final settlement of the claim. This announcement is dated 19 July 2016. |
Announcement Info
Company Name | HUA YANG BERHAD |
Stock Name | HUAYANG |
Date Announced | 19 Jul 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-04072016-00064 |