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CSCSTEL

0.855

+0.015 (+1.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS Disposal of 6% Shareholdings in CSGT Metals Vietnam Joint Stock Company

CSC STEEL HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
Disposal of 6% Shareholdings in CSGT Metals Vietnam Joint Stock Company

Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of CSC Steel Holdings Berhad (“CHB” or the “Company”) wishes to announce that the Company had on 22 April 2020, entered into a Share Transfer Agreement (“STA”) with CSGT International Corporation (“CIC” or the “Purchaser”) for the disposal of its entired 6% shareholdings comprising of 1,328,940 shares of VND 21,498 each in CSGT Metals Vietnam Joint Stock Company (“CSMV”) for a consideration of VND 28,569,552,120 which was equivalent to USD 1,200,401 (“Disposal Consideration”), in accordance to the exchange rate of The State Bank of Vietnam as of 31 December 2019.

Please refer to the attached file for details of the announcement.

This announcement is dated 22 April 2020.




Please refer attachment below.



Announcement Info

Company Name CSC STEEL HOLDINGS BERHAD
Stock Name CSCSTEL
Date Announced 22 Apr 2020
Category General Announcement for PLC
Reference Number GA1-22042020-00031