TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") - SHARE SALE AGREEMENT WITH KL PLATFORM SUPPORT SERVICES SDN BHD
HIAP HUAT HOLDINGS BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") - SHARE SALE AGREEMENT WITH KL PLATFORM SUPPORT SERVICES SDN BHD |
Pursuant to Rule 10.06 of the ACE Market Listing Requirements (“AMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of HHH wishes to announce that the Company had on 15 December 2023 entered into a Share Sale Agreement (“SSA”) with KL Platform Support Services Sdn Bhd (“Vendor” or “KLPS”) (collectively referred to as the “Parties” and individually as the “Party”) for the proposed acquisition of 60% of the entire equity interest in KL Bunkering (M) Sdn Bhd ("KLB") (“Sale Shares”) at a purchase consideration of Ringgit Malaysia Two Million One Hundred Thousand (RM2,100,000.00) only (“Purchase Consideration”), subject to the terms and conditions contained in the SSA (“Proposed Acquisition”).
Upon completion of the Proposed Acquisition, KLB will become a 60% owned subsidiary of HHH.
This announcement is dated 15 December 2023. |
Please refer attachment below.
Announcement Info
Company Name | HIAP HUAT HOLDINGS BERHAD |
Stock Name | HHHCORP |
Date Announced | 15 Dec 2023 |
Category | General Announcement for PLC |
Reference Number | GA1-14122023-00027 |