Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions
BackDec 17, 2014
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | BHS INDUSTRIES BERHAD (“BHS” OR THE “COMPANY”) (I) DISPOSAL BY BHS OF SEVEN (7) PARCELS OF LAND COMPRISING SIX (6) PARCELS OF FREEHOLD AGRICULTURAL LAND HELD UNDER LOT 1081 GM 1489, LOT 1082 GM 1488, LOT 1083 GM 1499, LOT 1085 GM 1504, LOT 462 GM 436 AND LOT 463 GM 1479, AND ONE (1) PARCEL OF FREEHOLD VACANT LAND HELD UNDER LOT 99 GRN 379407, ALL LOCATED IN MUKIM AND DISTRICT OF KOTA TINGGI AND STATE OF JOHOR, TO HARTA SISTEM SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM5,954,000 (“DISPOSAL I”); AND (II) DISPOSAL BY BHS OF THE ENTIRE EQUITY INTERESTS IN BHS RESOURCES PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF BHS, TO HENG BOON SENG AND LIEW SAI YING FOR A TOTAL CASH CONSIDERATION OF SGD1,516,079 (EQUIVALENT TO RM3,931,648 (BASED ON THE BANK NEGARA MALAYSIA’S MIDDLE EXCHANGE RATE OF SINGAPORE DOLLAR 1.00: RM2.5933 AS AT 2 APRIL 2014)) (“DISPOSAL II”). (COLLECTIVELY REFERRED TO AS THE “DISPOSALS”) |
(The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 2 April 2014 in relation to the Disposals). Reference is made to the announcements dated 2 April 2014, 17 April 2014, 2 July 2014, 3 July 2014 and 18 July 2014 in relation to the Disposals. The Board of Directors of BHS wishes to announce that the Disposal II completed on 23 October 2014 and the Disposal I completed on 17 December 2014. In that respect, the Disposals have been completed. This announcement is dated 17 December 2014. |
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Announcement Info
| Company Name | BHS INDUSTRIES BERHAD |
| Stock Name | BHS |
| Date Announced | 17 Dec 2014 |
| Category | General Announcement |
| Reference No | CA-141217-65255 |