OTHERS KEIN HING INTERNATIONAL BERHAD ("KHIB" OR THE "COMPANY") ACQUISITION BY KHIB OF CHARTER CAPITAL AMOUNTING TO USD110,000 IN KEIN HING MURAMOTO (VIETNAM) CO., LTD ("KHMV"), REPRESENTING 5% EQUITY INTEREST IN KHMV FROM MR SHINGO MURAMOTO ("VENDOR") FOR A CASH CONSIDERATION OF USD400,000 ("ACQUISITION")
| KEIN HING INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | KEIN HING INTERNATIONAL BERHAD ("KHIB" OR THE "COMPANY")
ACQUISITION BY KHIB OF CHARTER CAPITAL AMOUNTING TO USD110,000 IN KEIN HING MURAMOTO (VIETNAM) CO., LTD ("KHMV"), REPRESENTING 5% EQUITY INTEREST IN KHMV FROM MR SHINGO MURAMOTO ("VENDOR") FOR A CASH CONSIDERATION OF USD400,000 ("ACQUISITION") |
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The Board of Directors of KHIB (“Board”) wishes to announce that the Company had on 10 June 2025 entered into a conditional transfer agreement (“Transfer Agreement”) with Mr Shingo Muramoto, the Vendor for the acquisition of 5% of the Charter Capital held by him in KHMV (“Charter Capital”) equivalent to USD110,000 (“Transfer Capital”) for a cash consideration of USD400,000 (“Purchase Consideration”) which is approximately RM1.7 million subject to the terms and conditions in the Transfer Agreement.
Please refer to the attachment for further details.
This announcement is dated 10 June 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | KEIN HING INTERNATIONAL BERHAD |
| Stock Name | KEINHIN |
| Date Announced | 10 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09062025-00009 |