TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS VELOCITY CAPITAL PARTNER BERHAD (FORMERLY KNOWN AS CSH ALLIANCE BERHAD) ("VELOCITY" OR THE "COMPANY" OR THE "VENDOR") AND ITS SUBSIDIARIES ("VELOCITY GROUP" OR THE "GROUP") - SHARES SALE AGREEMENT
| VELOCITY CAPITAL PARTNER BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | VELOCITY CAPITAL PARTNER BERHAD (FORMERLY KNOWN AS CSH ALLIANCE BERHAD) ("VELOCITY" OR THE "COMPANY" OR THE "VENDOR") AND ITS SUBSIDIARIES ("VELOCITY GROUP" OR THE "GROUP") - SHARES SALE AGREEMENT |
The Board of Directors of Velocity wishes to announce that the Company has on 17 July 2024 entered into a Shares Sale Agreement with HS Green Valley Sdn Bhd, for the disposal of 250,000 ordinary shares in Hong Seng Frontier Sdn Bhd ("HSF"), representing the entire issued share capital in HSF, for a total cash consideration of RM45.25 million.
Please refer to the attached for further details.
This announcement is dated 17 July 2024.
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Please refer attachment below.
Announcement Info
| Company Name | VELOCITY CAPITAL PARTNER BERHAD |
| Stock Name | VELOCITY |
| Date Announced | 17 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17072024-00013 |