HHHCORP

0.145

(%)

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