[HUMEIND] Change In Substantial Shareholder's Shareholding - TAN SRI QUEK LENG CHAN on 23-Oct-2014

Highlights

Stock	[HUMEIND]: HUME CEMENT INDUSTRIES BERHAD
Announcement Date	23-Oct-2014

Name	TAN SRI QUEK LENG CHAN

Currency

Malaysian Ringgit (MYR)

Date of Change		Type	Number of Shares
	20-Oct-2014	Others	339,174,894

Nature of Interest	Deemed interest
Shares	Ordinary shares of RM1.00 each
Reason	Deemed interest - Arising from the completion of the Shares Sale Agreement dated 10 September 2013 for the disposal of the entire equity interest in Hume Cement Sdn Bhd (“HCMT”) to Narra for a consideration of RM100 million, satisfied by the issuance of 100 million new Narra shares. - Entitlement to new Narra shares pursuant to the capital distribution by Hong Leong Industries Berhad (“HLI”) to entitled shareholders of HLI on the basis of 1,080 new Narra shares for every 1,000 HLI shares held (“Capital Distribution”). - Arising from the completion of the Shares Sale Agreements both dated 10 September 2013 for the disposal of the (i) entire equity interest in Hume Concrete Sdn Bhd (formerly known as Hume Industries (Malaysia) Sdn Bhd); and (ii) entire 175 million 6-year 2% non-cumulative irredeemable convertible preference shares in HCMT, by HLI to Narra for a total consideration of RM348 million, satisfied by the issuance of 348 million new Narra shares (“Consideration Shares”); and distribution of substantially all the Consideration Shares to the shareholders of HLI by way of Capital Distribution.

Be the first to like this.

TOP ARTICLES

1.	Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City Good Articles to Share
2.	PM denies claims that govt issuing casino licence for Forest City save malaysia!
3.	TNG eWallet denies fraud activity in singer Zahid Baharuddin’s case, so how did his wife lose over RM10,000? save malaysia!
4.	High Court bins Musang King farmers’ bid to challenge land eviction notice in Pahang save malaysia!
5.	Youth Debt: Be Serious About Financial Literacy BFM Podcast
6.	The Malaysian Context Of Non-Compete Clauses BFM Podcast
7.	Little Respite In China Property Market BFM Podcast
8.	US Corporate Results Driving Market Sentiment BFM Podcast

APPS

I3 Messenger

Individual or Group chat with anyone on I3investor

MQ Trader

Perform Technical & Fundamental Analysis on Stocks

MQ Affiliate

Earn rewards by referring your friends

2378

ActiveGainersLosers

PARTNERS & BROKERS