TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KOSSAN RUBBER INDUSTRIES BHD. ("KOSSAN" OR "COMPANY") PROPOSED DISPOSAL BY IDEAL QUALITY SDN. BHD. (199601032612(404964-P)) ("IQ" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF KOSSAN, OF THE VACANT FREEHOLD INDUSTRIAL LAND TO BEST ETERNITY RECYCLE TECHNOLOGY SDN. BHD. (201801017328 (1279344-A)) ("BERT" OR "PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM153,380,091.00) ("PROPOSED DISPOSAL")
| KOSSAN RUBBER INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KOSSAN RUBBER INDUSTRIES BHD. ("KOSSAN" OR "COMPANY") PROPOSED DISPOSAL BY IDEAL QUALITY SDN. BHD. (199601032612(404964-P)) ("IQ" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF KOSSAN, OF THE VACANT FREEHOLD INDUSTRIAL LAND TO BEST ETERNITY RECYCLE TECHNOLOGY SDN. BHD. (201801017328 (1279344-A)) ("BERT" OR "PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM153,380,091.00) ("PROPOSED DISPOSAL") |
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Further to our announcement dated 2 April 2020, the Board of Directors of Kossan wishes to announce that the requisite conditions precedent to the SPA had been fulfilled and that the SPA has become unconditional on 10 September 2020.
This announcement is dated 15 September 2020. |
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Announcement Info
| Company Name | KOSSAN RUBBER INDUSTRIES BERHAD |
| Stock Name | KOSSAN |
| Date Announced | 15 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15092020-00116 |