TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAIBOCHI BERHAD ("DAIBOCHI" / "THE COMPANY") - PROPOSED DISPOSAL OF 10,700,387 ORDINARY SHARES, REPRESENTING 36.32% OF THE EQUITY INTEREST IN SKYLINE RESOURCES (M) SDN BHD BY DAIBOCHI LAND SDN BHD FOR A CASH DISPOSAL CONSIDERATION OF RM10,000,000.00
| DAIBOCHI BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | DAIBOCHI BERHAD ("DAIBOCHI" / "THE COMPANY")
- PROPOSED DISPOSAL OF 10,700,387 ORDINARY SHARES, REPRESENTING 36.32% OF THE EQUITY INTEREST IN SKYLINE RESOURCES (M) SDN BHD BY DAIBOCHI LAND SDN BHD FOR A CASH DISPOSAL CONSIDERATION OF RM10,000,000.00 |
The Board of Directors of Daibochi wishes to announce that the Company’s wholly-owned subsidiary, Daibochi Land Sdn Bhd (Company No. 199101010985 (221297-U)) has on 16 March 2020 entered into a Share Sale Agreement with Datuk Wira Wong Soon Lim and Jaymuda Resources Sdn Bhd (Company No. 202001000052 (1356371-U)) for the proposed disposal of 10,700,387 ordinary shares, representing 36.32% of the equity interest in Skyline Resources (M) Sdn Bhd (Company No. 199601032705 (405057-V)) for a cash disposal consideration of RM10,000,000.00 ("Proposed Disposal").
Please refer to the attachment for details of the Proposed Disposal.
This announcement is dated 16 March 2020.
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Please refer attachment below.
Announcement Info
| Company Name | DAIBOCHI BERHAD |
| Stock Name | DAIBOCI |
| Date Announced | 16 Mar 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16032020-00007 |