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

Company Name MALAYSIA SMELTING CORPORATION BERHAD
Stock Name MSC
Date Announced 04 Jul 2022
Category General Announcement for PLC
Reference Number GA1-04072022-00017

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYSIA SMELTING CORPORATION BERHAD ("MSC" OR THE "COMPANY")

ACQUISITION BY RAHMAN HYDRAULIC TIN SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MSC, OF THE ENTIRE EQUITY INTEREST IN ASAS BAIDURI SDN BHD ("ACQUISITION")

We refer to the announcement dated 3 June 2022 in relation to the Proposed Acquisition (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

On behalf of MSC, Kenanga IB wishes to announce that the Acquisition has been completed today in accordance with the SPA following the issuance and allotment of 272,250 Consideration Shares to TISB.

 

Accordingly:

 

(i)         ABSB becomes a wholly-owned subsidiary of RHT and forms part of the MSC Group; and

 

(ii)         RHT ceased to be a wholly-owned subsidiary of the Company and becomes a 80% owned subsidiary of the Company.

 

This announcement is dated 4 July 2022. 






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