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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 |
ACQUISITION OF 36,000,000 ORDINARY SHARES OF RM0.25 EACH IN MAGNA PRIMA BERHAD, REPRESENTING APPROXIMATELY 10.84% EQUITY INTEREST OF THE TOTAL ISSUED AND PAID-UP CAPITAL OF MAGNA PRIMA BERHAD AT A PURCHASE CONSIDERATION OF RM66,600,000 (ACQUISITION) |
INTRODUCTION The Board of Directors of HYB wishes to announce that the wholly-owned subsidiary of the Company, Prisma Pelangi Sdn Bhd (“PPSB”) has on 25 January 2017 acquired 36,000,000 ordinary shares of RM0.25 each in Magna Prima Berhad (“MPB”) (“Purchase Shares(s)”), for a cash consideration of RM66,600,000 (“Purchase Consideration”) via an off-market Direct Business Transaction. Further details of the Acquisition are set out in the appendix below. |
Announcement Info
Company Name | HUA YANG BERHAD |
Stock Name | HUAYANG |
Date Announced | 25 Jan 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-25012017-00001 |
Please refer attachment below.
Attachments
- Acquisition_of_MPB_-_FINAL.pdf (Size: 214,143 bytes)