General Announcement for PLC

02/08/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB" OR "COMPANY") PROPOSED DISPOSAL OF 50,000,001 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HS CREDIT (BIRMINGHAM) LTD BY HSC BIRMINGHAM HOLDING LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB, TO LEI SHING HONG CAPITAL LIMITED FOR A CASH CONSIDERATION OF GBP127,800,000 (EQUIVALENT TO RM706,171,680) ("PROPOSED DISPOSAL")

HAP SENG CONSOLIDATED BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
HAP SENG CONSOLIDATED BERHAD ("HSCB" OR "COMPANY")

PROPOSED DISPOSAL OF 50,000,001 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HS CREDIT (BIRMINGHAM) LTD BY HSC BIRMINGHAM HOLDING LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB, TO LEI SHING HONG CAPITAL LIMITED FOR A CASH CONSIDERATION OF GBP127,800,000 (EQUIVALENT TO RM706,171,680) ("PROPOSED DISPOSAL")

We refer to the announcements dated 27 May 2022, 4 July 2022, 5 July 2022 and 28 July 2022 in relation to the Proposed Disposal (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements.

 

On behalf of HSCB, CIMB wishes to announce that on even date, HSC Birmingham has received the Balance Sum of GBP115,020,000 from LSHCL. Accordingly, the Proposed Disposal has been completed on even date in accordance with the SSA.

 

This announcement is dated 2 August 2022.



Announcement Info

Company Name HAP SENG CONSOLIDATED BERHAD
Stock Name HAPSENG
Date Announced 02 Aug 2022
Category General Announcement for PLC
Reference Number GA1-02082022-00012


Related Announcements for HAPSENG
Date Title
28/07/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB" OR "COMPANY") PROPOSED DISPOSAL OF 50,000,001 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HS CREDIT (BIRMINGHAM) LTD BY HSC BIRMINGHAM HOLDING LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB, TO LEI SHING HONG CAPITAL LIMITED FOR A CASH CONSIDERATION OF GBP127,800,000 (EQUIVALENT TO RM706,171,680) ("PROPOSED DISPOSAL")
08/07/2022 PROVISION OF FINANCIAL ASSISTANCE
20/06/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB"/"the Company") - Proposed acquisition of all that parcel of vacant commercial land known as Plot No. 5, Lorong Kuda, Platinum Park, Kuala Lumpur from Sovereign Towers Sdn Bhd
27/05/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB" OR "COMPANY") PROPOSED DISPOSAL OF 50,000,001 ORDINARY SHARES REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HS CREDIT (BIRMINGHAM) LTD ("HCBL") BY HSC BIRMINGHAM HOLDING LIMITED ("HSC BIRMINGHAM"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB TO LEI SHING HONG CAPITAL LIMITED ("LSHCL") ("PROPOSED DISPOSAL")
13/04/2022 OTHERS Hap Seng Consolidated Berhad ("HSCB" or the "Company") 1) Proposed renewal of and new shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("Proposed RRPTs Mandate"); and 2) Proposed renewal of authority for the Company to purchase its own shares ("Proposed Renewal of Share Buy-Back Authority") (Collectively referred to as the "Proposals")
11/04/2022 PROVISION OF FINANCIAL ASSISTANCE
12/01/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB"/"the Company") - Proposed acquisition of all that parcel of vacant commercial land known as Met 3, Plot 7A, KL Metropolis from TTDI KL Metropolis Sdn Bhd ("Proposed Met 3 Acquisition")
11/01/2022 PROVISION OF FINANCIAL ASSISTANCE
03/01/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HAP SENG CONSOLIDATED BERHAD ("HSCB"/"the Company") - Proposed acquisition of all that parcel of vacant commercial land known as Met 3, Plot 7A, KL Metropolis from TTDI KL Metropolis Sdn Bhd
27/12/2021 WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR Hap Seng Consolidated Berhad ("HSCB" or "the Company") - Members Voluntary Winding Up of HSC Manchester Holding Limited