TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS TIEN WAH PRESS HOLDINGS BERHAD ("TWPH" OR "THE COMPANY") - ACQUISITION OF ASSETS BY ALLIANCE PRINT TECHNOLOGIES FZE ("APTF"), A WHOLLY-OWNED SUBSIDIARY OF TWPH FROM PAPER BASE CONVERTING SDN. BHD. ('"PBC")
| TIEN WAH PRESS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | TIEN WAH PRESS HOLDINGS BERHAD ("TWPH" OR "THE COMPANY")
- ACQUISITION OF ASSETS BY ALLIANCE PRINT TECHNOLOGIES FZE ("APTF"), A WHOLLY-OWNED SUBSIDIARY OF TWPH FROM PAPER BASE CONVERTING SDN. BHD. ('"PBC") |
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The Board of Directors of TWPH wishes to announce that APTF, a wholly-owned subsidiary of the Company had on 18 January 2024 entered into an Assets Sale Agreement with PBC, a wholly-owned subsidiary of New Toyo Lamination (M) Pte. Ltd., which is in turn a wholly-owned subsidiary of New Toyo International Holdings Ltd, a major shareholder of TWPH, to purchase all the machineries and equipment (the "Assets”) as detailed in this announcement held by PBC to APTF (“Acquisition of Assets”).
Please refer to the attachment for further details of the Acquisition of Assets.
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Please refer attachment below.
Announcement Info
| Company Name | TIEN WAH PRESS HOLDINGS BERHAD |
| Stock Name | TIENWAH |
| Date Announced | 18 Jan 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20092023-00050 |