TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS

Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG
Date Announced 24 Jun 2022
Category General Announcement for PLC
Reference Number GA1-24062022-00021

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR THE "COMPANY") AND ITS SUBSIDIARIES ("HONG SENG GROUP" OR THE "GROUP") - SHARES SALE AGREEMENT FOR THE PROPOSED DISPOSAL OF 35% EQUITY INTEREST IN PANTASNIAGA SDN. BHD.

The Board of Directors of Hong Seng wishes to announce that HS Bio Sdn Bhd, a wholly-owned subsidiary of the Company, has on 24 June 2022 entered into a Shares Sale Agreement with Nexterra Sdn Bhd, for the disposal of 35,000 ordinary shares in Pantasniaga Sdn Bhd (“PSB”), representing 35% of the equity interest in PSB, for a total cash consideration of RM24 million.

 

Details of the announcement are set out in the file attached. 

 

This announcement is dated 24 June 2022.




Please refer attachment below.



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