| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") - PROPOSED DISPOSAL OF ONE (1) UNIT OF FACTORY BY HIAP HUAT CHEMICALS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CASH CONSIDERATION OF RM11,760,000.00 |
The Board of Directors of HHH (“Board”) is pleased to announce that Hiap Huat Chemicals Sdn Bhd (“HHC” or “the Vendor”), a wholly-owned subsidiary of the Company has on 22 December 2014 entered into a Sale and Purchase Agreement (“SPA”) with Everise Frozen Foods Sdn Bhd (“the Purchaser”) for the disposal of one (1) unit of factory bearing postal address No. 46, Jalan E 1/2, Taman Ehsan Industrial Park, 52100 Kepong, Selangor measuring approximately 4,618.673 square metres in area and held under leasehold individual title H.S.(M) 22259, PT 8440, Batu 8 Jalan Kepong, Bandar Kepong, District of Gombak, State of Selangor (“the Property”) for a total cash consideration of RM11,760,000.00 (“Sale Consideration”) (“Proposed Disposal”). The details of the Proposed Disposal are set out in the attachment herein. This announcement is dated 22 December 2014. |
|
| Company Name | HIAP HUAT HOLDINGS BERHAD (ACE Market) |
| Stock Name | HHHCORP |
| Date Announced | 22 Dec 2014 |
| Category | General Announcement |
| Reference No | CC-141222-40302 |
Attachments