Proposed Acquisition Of Remaining 49% Equity Interest In Hiap Huat Services Sdn. Bhd. By The Company For A Total Cash Consideration Of RM49,000.00 ("Proposed Acquisition")
| Type | Announcement |
| Subject | OTHERS |
| Description |
HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") |
The Board of Directors of Hiap Huat Holdings Berhad (“HHH” or “the Company”) wishes to announce that the Company had on 10 October 2019, entered into a Sale and Purchase Shares Agreement (“SPA”) with Zhao Jicheng (“the Vendor”) for the acquisition of 49,000 ordinary shares in Hiap Huat Services Sdn. Bhd. (Company No. 815664-V) (“HHSSB”), representing the remaining 49% of the issued share capital of HHSSB for a total cash consideration of RM49,000.00 only from the Vendor (“Proposed Acquisition”).
Upon completion of the Proposed Acquisition, HHSSB will become a 100% wholly-owned subsidiary of HHH.
Please refer to the attachment for further details.
This announcement is dated 10 October 2019.
Please refer attachment below.
Announcement Info
| Company Name | HIAP HUAT HOLDINGS BERHAD |
| Stock Name | HHHCORP |
| Date Announced | 10 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10102019-00069 |
Attachments
- HHH_-_Proposed_Acquisition.pdf (Size: 454,809 bytes)