HONGSENG

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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