DRBHCOM

1.480

+0.02 (+1.4%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY HICOM HOLDINGS BERHAD ("HICOM HOLDINGS"), A WHOLLY-OWNED SUBSIDIARY OF DRB-HICOM, OF 74,000,000 ORDINARY SHARES IN ALAM FLORA SDN BHD ("AFSB"), REPRESENTING 97.37% EQUITY INTEREST IN AFSB, TO TUNAS PANCAR SDN BHD ("TUNAS PANCAR"), A WHOLLY-OWNED SUBSIDIARY OF MALAKOFF CORPORATION BERHAD, FOR A CASH CONSIDERATION OF RM944,610,000, SUBJECT TO ADJUSTMENT ("PROPOSED DISPOSAL OF AFSB")

DRB-HICOM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL BY HICOM HOLDINGS BERHAD ("HICOM HOLDINGS"), A WHOLLY-OWNED SUBSIDIARY OF DRB-HICOM, OF 74,000,000 ORDINARY SHARES IN ALAM FLORA SDN BHD ("AFSB"), REPRESENTING 97.37% EQUITY INTEREST IN AFSB, TO TUNAS PANCAR SDN BHD ("TUNAS PANCAR"), A WHOLLY-OWNED SUBSIDIARY OF MALAKOFF CORPORATION BERHAD, FOR A CASH CONSIDERATION OF RM944,610,000, SUBJECT TO ADJUSTMENT ("PROPOSED DISPOSAL OF AFSB")

We refer to the Company's announcements made on 1 August 2018, 2 August 2018, 25 September 2018, 15 October 2018, 31 January 2019 and 29 July 2019 in relation to the Proposed Disposal of AFSB.

The Board wishes to announce that the Proposed Disposal of AFSB has been completed today.

For full details of the announcement, please refer to the attached file.

This announcement is dated 5 December 2019.




Please refer attachment below.



Announcement Info

Company Name DRB-HICOM BERHAD
Stock Name DRBHCOM
Date Announced 05 Dec 2019
Category General Announcement for PLC
Reference Number GA1-04122019-00039