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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HOCK HENG STONE INDUSTRIES BHD. ("HOCK HENG" OR "THE COMPANY") SALE AND PURCHASE AGREEMENT BETWEEN HOCK HENG REALTY SDN. BHD. ("HHR") AND MR. LOW KIM ONG IN RESPECT OF PROPOSED DISPOSAL OF PROPERTY HELD UNDER GM 989, LOT 6193, MUKIM BATU BERENDAM, DAERAH MELAKA TENGAH, MELAKA

HOCK HENG STONE INDUSTRIES BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
HOCK HENG STONE INDUSTRIES BHD. ("HOCK HENG" OR "THE COMPANY")
SALE AND PURCHASE AGREEMENT BETWEEN HOCK HENG REALTY SDN. BHD. ("HHR") AND MR. LOW KIM ONG IN RESPECT OF PROPOSED DISPOSAL OF PROPERTY HELD UNDER GM 989, LOT 6193, MUKIM BATU BERENDAM, DAERAH MELAKA TENGAH, MELAKA
The Board of Directors of HOCK HENG wishes to announce that the Hock Heng Realty Sdn. Bhd. [Registration No. 201101044594 (972711-V)] (“HHR” or “the Vendor”), a wholly-owned subsidiary of the Company had on 27 August 2020, entered into a Sale and Purchase Agreement (“SPA”) dated 27 August 2020 with a related party, Mr. Low Kim Ong (“the Purchaser”) for the purpose of disposing all that property held under GM 989, Lot 6193, Mukim Batu Berendam, Daerah Melaka Tengah, Melaka (“Property”)  for a total disposal consideration of RM800,000/- (the “Consideration”) (“Proposed Disposal”).

Please refer to the attachment for the full text of the announcement.

This announcement is dated 27 August 2020.

 

 




Please refer attachment below.



Announcement Info

Company Name HOCK HENG STONE INDUSTRIES BHD
Stock Name HOKHENG
Date Announced 27 Aug 2020
Category General Announcement for PLC
Reference Number GA1-27082020-00154