General Announcement for PLC

03/08/2022

OTHERS FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] - SALE AND PURCHASE AGREEMENT ENTERED INTO BETWEEN FINTEC GLOVE SDN. BHD. ("FINTEC GLOVE"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND JOE GLOVE SDN. BHD. ("JOE GLOVE")

FINTEC GLOBAL BERHAD

Type Announcement
Subject OTHERS
Description 
FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]
- SALE AND PURCHASE AGREEMENT ENTERED INTO BETWEEN FINTEC GLOVE SDN. BHD. ("FINTEC GLOVE"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND JOE GLOVE SDN. BHD. ("JOE GLOVE")

Pursuant to Rule 9.03 of ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of FINTEC wishes to announce that Fintec Glove, a wholly-owned subsidiary of the Company, had on 3 August 2022, entered into a Sale and Purchase Agreement with Joe Glove for the sale of two (2) NBR/NR Powder Free Double Former Dipping Lines (“Machineries”) to Joe Glove at a total contract price of RM14,470,000.00 ("Proposed Sale"). The Machineries are located in the gloves manufacturing factory developed on the vacant land held under Pajakan Negeri 210005, Lot 304994, Mukim Hulu Kinta, Daerah Kinta, Negeri Perak, measuring approximately 18,746 square metres.

 

Please refer to the attachment for more details on the Proposed Sale.

 

This announcement is dated 3 August 2022.


Please refer attachment below.


Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 03 Aug 2022
Category General Announcement for PLC
Reference Number GA1-03082022-00031


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