TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR "THE COMPANY") AND ITS SUBSIDIARIES - SHARES SALE AGREEMENT WITH INNOV8TIF CONSORTIUM SDN BHD
HONG SENG CONSOLIDATED BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR "THE COMPANY") AND ITS SUBSIDIARIES - SHARES SALE AGREEMENT WITH INNOV8TIF CONSORTIUM SDN BHD |
The Board of Directors of Hong Seng wishes to announce that the Company has on 31 January 2023 entered into a Shares Sale Agreement with Innov8tif Consortium Sdn Bhd ("Vendor"), to undertake the proposed acquisition of 717,570 ordinary shares in Innov8tif Holdings Sdn Bhd ("Innov8tif Holdings"), representing 51% of the enlarged issued share capital in Innov8tif Holdings, from the Vendor for a total cash purchase consideration of RM30,855,000. Details of the announcement are set out in the attachment. This announcement is dated 31 January 2023. |
Please refer attachment below.
Announcement Info
Company Name | HONG SENG CONSOLIDATED BERHAD |
Stock Name | HONGSENG |
Date Announced | 31 Jan 2023 |
Category | General Announcement for PLC |
Reference Number | GA1-30012023-00045 |