TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") DISPOSAL BY XIN HWA TRADING & TRANSPORT SDN BHD ("XHTT" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF XHH OF THE SUBJECT PROPERTIES (AS DEFINED HEREIN) TO RHB TRUSTEES BERHAD ACTING AS THE TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") ("RHB TRUSTEES" OR THE "PURCHASER"), FOR A TOTAL DISPOSAL CONSIDERATION OF RM75,000,000 TO BE SATISFIED ENTIRELY IN CASH, AND THE SUBSEQUENT LEASEBACK OF THE SUBJECT PROPERTIES BY XHTT
| XIN HWA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY")
DISPOSAL BY XIN HWA TRADING & TRANSPORT SDN BHD ("XHTT" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF XHH OF THE SUBJECT PROPERTIES (AS DEFINED HEREIN) TO RHB TRUSTEES BERHAD ACTING AS THE TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") ("RHB TRUSTEES" OR THE "PURCHASER"), FOR A TOTAL DISPOSAL CONSIDERATION OF RM75,000,000 TO BE SATISFIED ENTIRELY IN CASH, AND THE SUBSEQUENT LEASEBACK OF THE SUBJECT PROPERTIES BY XHTT |
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Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcement in relation to the above-captioned matter. We refer to the announcement made on 15 March 2021. On behalf of the Board, UOBKH wishes to announce that the conditions precedent under the SPA have been fulfilled or waived in accordance with the SPA, and with the receipt of the balance disposal consideration, the Disposal was deemed completed on 21 October 2021.
This announcement is dated 21 October 2021. |
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Announcement Info
| Company Name | XIN HWA HOLDINGS BERHAD |
| Stock Name | XINHWA |
| Date Announced | 21 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20102021-00112 |