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ASIABRN
0.500
(%)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS HING YIAP GROUP BERHAD (“HING YIAP” OR THE “COMPANY”) PROPOSED ACQUISITIONS FROM ASIA BRANDS CORPORATION BERHAD OF THE ENTIRE EQUITY INTEREST IN ANAKKU SDN BHD, AUDREY SDN BHD, MICKEY JUNIOR SDN BHD, ASIA BRANDS GLOBAL SDN BHD, ASIA BRANDS ASSETS MANAGEMENT SDN BHD AND ASIA BRANDS HR SERVICES SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM245,000,000 (“PROPOSED ACQUISITIONS”)
HING YIAP GROUP BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
HING YIAP GROUP BERHAD (“HING YIAP” OR THE “COMPANY”)
PROPOSED ACQUISITIONS FROM ASIA BRANDS CORPORATION BERHAD OF THE ENTIRE EQUITY INTEREST IN ANAKKU SDN BHD, AUDREY SDN BHD, MICKEY JUNIOR SDN BHD, ASIA BRANDS GLOBAL SDN BHD, ASIA BRANDS ASSETS MANAGEMENT SDN BHD AND ASIA BRANDS HR SERVICES SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM245,000,000 (“PROPOSED ACQUISITIONS”)
We refer to the announcements dated 11 July 2012, 13 July 2012, 2 August 2012, 30 August 2012, 25 September 2012, 7 November 2012 and 23 November 2012 in relation to the Proposed Acquisitions (“
Announcements
”). Unless otherwise defined, all capitalised expressions shall carry the same meaning as ascribed to them in the Announcements.
On behalf of the Board of Directors of Hing Yiap, Kenanga Investment Bank Berhad wish to announce that the Company and the Vendor have mutually agreed for an extension of the period to complete the SSA for an additional of fourteen (14) days from 7 December 2012 to 21 December 2012.
This announcement is dated 6 December 2012.
Announcement Info
Company Name
HING YIAP GROUP BERHAD
Stock Name
HINGYAP
Date Announced
6 Dec 2012
Category
General Announcement
Reference No
MI-121206-56076
View original announcement