TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS FARLIM GROUP (MALAYSIA) BHD. ("FARLIM" OR "THE COMPANY") - PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES REPRESENTING A 35% EQUITY INTEREST IN ENTITY CONSOLIDATED SDN. BHD. (THE "PROPOSED ACQUISITION")
| FARLIM GROUP (MALAYSIA) BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | FARLIM GROUP (MALAYSIA) BHD. ("FARLIM" OR "THE COMPANY")
- PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES REPRESENTING A 35% EQUITY INTEREST IN ENTITY CONSOLIDATED SDN. BHD. (THE "PROPOSED ACQUISITION") |
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The Board of Directors of Farlim (the “Board”) wishes to announce that the Company (“Farlim” or the “Company”), had on 23 February 2024, entered into a Share Sale Agreement (“SSA”) with Lim Gait Tong Holdings Sdn. Bhd. [Registration No. 199201014043 (245546-X)] (“LGTHSB” or the “Vendor”) for the acquisition of 175,000 ordinary shares (the “Sale Shares”) representing a 35% equity interest in Entity Consolidated Sdn. Bhd. [Registration No. 201401030988 (1107074-M)] (“ECSB”) for a total purchase consideration of RM5,600,000.00 representing RM32.00 per Sale Share (the “Purchase Consideration”). The relevant details are set out in the attachment. This announcement is dated 23 February 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | FARLIM GROUP (MALAYSIA) BHD |
| Stock Name | FARLIM |
| Date Announced | 23 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24012024-00061 |