DISPOSAL OF APPROXIMATELY 41.15% OF THE REGISTERED CAPITAL OF HENAN XINGHE OIL AND FAT COMPANY LIMITED ("HENAN XINGHE") FOR A CASH CONSIDERATION OF RMB155 MILLION ("DISPOSAL")
XINGHE HOLDINGS BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-31122019-00001 |
Subject | DISPOSAL OF APPROXIMATELY 41.15% OF THE REGISTERED CAPITAL OF HENAN XINGHE OIL AND FAT COMPANY LIMITED ("HENAN XINGHE") FOR A CASH CONSIDERATION OF RMB155 MILLION ("DISPOSAL") |
Description | XINGHE HOLDINGS BERHAD ("XINGHE" OR "COMPANY") DISPOSAL OF APPROXIMATELY 41.15% OF THE REGISTERED CAPITAL OF HENAN XINGHE OIL AND FAT COMPANY LIMITED ("HENAN XINGHE") FOR A CASH CONSIDERATION OF RMB155 MILLION ("DISPOSAL") |
Query Letter Contents | We refer to your Company’s announcement dated 30 December 2019, in respect of the aforesaid matter. 1) The net profits and net assets of Henan XingHe based on its latest audited financial statements. 6) Effect of the Disposal on the future earnings of the Group. 7) Effect of the charge of approximately RM128.0 million on the earnings per share of the Group. 8) Particulars of any liabilities, including contingent liabilities, in relation to the Disposal which remain with XingHe, together with the details and justification for such arrangements. 9) Any guarantees given by XingHe to the Purchaser or Henan XingHe. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, Regulation Cc : Market Surveillance Dept. , Securities Commission (via fax) |
We refer to the Company’s announcement dated 30 December 2019 and the queries from Bursa Malaysia Securities Berhad dated 31 December 2019 (“Queries”) in relation to the same. The Company wishes to provide the following additional information pursuant to the Queries. Please refer to the attachment for the details. This announcement is dated 7 January 2020.
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Please refer attachment below.
Announcement Info
Company Name | XINGHE HOLDINGS BERHAD |
Stock Name | XINGHE |
Date Announced | 07 Jan 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-30122019-00076 |