TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB" OR "COMPANY") PROPOSED DISPOSAL OF 50,000,001 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HS CREDIT (BIRMINGHAM) LTD ("HCBL") BY HSC BIRMINGHAM HOLDING LIMITED ("HSC BIRMINGHAM"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB TO LEI SHING HONG CAPITAL LIMITED ("LSHCL") ("PROPOSED DISPOSAL")
| HAP SENG CONSOLIDATED BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | HAP SENG CONSOLIDATED BERHAD ("HSCB" OR "COMPANY")
PROPOSED DISPOSAL OF 50,000,001 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HS CREDIT (BIRMINGHAM) LTD ("HCBL") BY HSC BIRMINGHAM HOLDING LIMITED ("HSC BIRMINGHAM"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB TO LEI SHING HONG CAPITAL LIMITED ("LSHCL") ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of HSCB (“Board”), CIMB Investment Bank Berhad (“CIMB”) wishes to announce that on 27 May 2022, HSC Birmingham has entered into a shares sale agreement with LSHCL for the proposed disposal of 50,000,001 ordinary shares representing 100% of the issued and paid-up share capital of HCBL (“Sale Shares”) for a cash consideration of British Pound Sterling (“£” or “GBP”) 127,800,000.
Further details of the Proposed Disposal are set out in the attachment.
This announcement is dated 27 May 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | HAP SENG CONSOLIDATED BERHAD |
| Stock Name | HAPSENG |
| Date Announced | 27 May 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27052022-00036 |