TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TOYO INK GROUP BERHAD (TIGB or THE COMPANY) PROPOSED DISPOSAL OF 50% EQUITY INTEREST COMPRISING 200,000 ORDINARY SHARES IN TOYO COLOR PTE. LTD. BY ITS WHOLLY OWNED SUBSIDIARY, TOYO INK SDN BHD FOR A CONSIDERATION IN TERMS OF 151,784 ORDINARY SHARES OR 7.16% EQUITY INTEREST IN THE CAPITAL OF TOYO INK PTE.LTD. (PROPOSED DISPOSAL)
| TOYO INK GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TOYO INK GROUP BERHAD (TIGB or THE COMPANY) PROPOSED DISPOSAL OF 50% EQUITY INTEREST COMPRISING 200,000 ORDINARY SHARES IN TOYO COLOR PTE. LTD. BY ITS WHOLLY OWNED SUBSIDIARY, TOYO INK SDN BHD FOR A CONSIDERATION IN TERMS OF 151,784 ORDINARY SHARES OR 7.16% EQUITY INTEREST IN THE CAPITAL OF TOYO INK PTE.LTD. (PROPOSED DISPOSAL) |
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The Board of Directors of Toyo Ink Group Berhad (“TIGB” or “The Company”) wishes to announce that Toyo Ink Sdn. Bhd. (Company No. 45097-M) (“the Vendor” or “TISB”), a 100% owned subsidiary of TIGB had on 26 June 2020 disposed of 200,000 ordinary shares representing 50% of the equity interest in the capital of Toyo Color Pte. Ltd. (“TCPL”) (Company Reg No: 197802936H) for a consideration in terms of 151,784 ordinary shares or 7.16% equity interest in the capital of Toyo Ink Pte. Ltd. (“TIPL”) (Company Reg No:197702448G) (“Proposed Disposal”). Please refer to the attachment for the full announcement on the Proposed Disposal. This announcement is dated 29 June 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | TOYO INK GROUP BERHAD |
| Stock Name | TOYOINK |
| Date Announced | 29 Jun 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19062020-00043 |