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SUNZEN

0.160

+0.025 (+18.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNZEN BIOTECH BERHAD ("Sunzen" or "the Company") - Settlement Agreement and Disposal of Shares in Amplio Ingredients Sdn. Bhd.

SUNZEN BIOTECH BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SUNZEN BIOTECH BERHAD ("Sunzen" or "the Company")
-	Settlement Agreement and Disposal of Shares in Amplio Ingredients Sdn. Bhd.

Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the announcement dated 4 July 2019 in relation to the above Settlement.

 

Reference is made to the announcement dated 4 July 2019.

 

In furtherance to the above announcement, the Board of Directors of Sunzen wishes to announce that the proceeds from the disposal of Sale Shares will be utilised for working capital of the Company and for defraying estimated expenses in relation to the Settlement. The actual breakdown of these expenses and the timeframe for full utilisation of the proceeds cannot be determined at this juncture as it will depend on the actual working capital requirements of the Company and the timeliness of the receipt of installments from the Purchaser.

 

This announcement is dated 9 July 2019.






Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 09 Jul 2019
Category General Announcement for PLC
Reference Number GA1-09072019-00037