TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CAN-ONE BERHAD ("CAN-ONE" OR "COMPANY") DISPOSAL BY CAN-ONE OF THE ENTIRE ISSUED SHARE CAPITAL OF F & B NUTRITION SDN BHD, THROUGH THE DISPOSAL OF CAN RIDGE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CAN-ONE ("DISPOSAL")
| CAN-ONE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | CAN-ONE BERHAD ("CAN-ONE" OR "COMPANY")
DISPOSAL BY CAN-ONE OF THE ENTIRE ISSUED SHARE CAPITAL OF F & B NUTRITION SDN BHD, THROUGH THE DISPOSAL OF CAN RIDGE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CAN-ONE ("DISPOSAL") |
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We refer to the earlier announcements in relation to the Disposal. Unless otherwise stated, all terms used in this announcement shall have the same meaning as defined in the earlier announcements.
On behalf of the Board, RHB Investment Bank Berhad wishes to announce that WDPL had on 15 October 2021 made a payment of RM103,011,783.40 comprising the remaining balance of the Tranche 2 Amount of RM88,000,000 and interest of RM15,011,783.40 (calculated from the Completion Date up to and including the last day of the month on which the payment is made i.e. 31 October 2021) in accordance with the terms and conditions of the SPA. The Company had on 18 October 2021 acknowledged the said payment. This marks the full settlement of the Disposal Consideration.
This announcement is dated 18 October 2021. |
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Announcement Info
| Company Name | CAN-ONE BERHAD |
| Stock Name | CANONE |
| Date Announced | 18 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18102021-00039 |