|Company Name||HONG SENG CONSOLIDATED BERHAD|
|Date Announced||24 Jun 2022|
|Category||General Announcement for PLC|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
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.