TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SPRING ART HOLDINGS BERHAD ("SPRING" OR "THE COMPANY") ACQUISITION OF MACHINERIES BY SPRING ART INDUSTRIES SDN. BHD., A WHOLLYOWNED SUBSIDIARY OF SPRING FROM HOMAG ASIA PTE LTD
| SPRING ART HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SPRING ART HOLDINGS BERHAD ("SPRING" OR "THE COMPANY")
ACQUISITION OF MACHINERIES BY SPRING ART INDUSTRIES SDN. BHD., A WHOLLYOWNED SUBSIDIARY OF SPRING FROM HOMAG ASIA PTE LTD |
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The Board of Directors of SPRING (“Board”) wishes to announce that Spring Art Industries Sdn. Bhd. (“SAISB” or “Purchaser”), a wholly-owned subsidiary of SPRING, had on 8 September 2021 accepted a proforma invoice from Homag Asia Pte Ltd (“HOMAG” or “Vendor”) to acquire machineries for Factory C (“the Machineries”) at a total consideration of EUR3,300,500, which is approximately RM16,502,500 (“Consideration”) (“Acquisition”).
Please refer to the attachment for further details.
This announcement is dated 24 September 2021.
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Please refer attachment below.
Announcement Info
| Company Name | SPRING ART HOLDINGS BERHAD |
| Stock Name | SPRING |
| Date Announced | 24 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22092021-00050 |