General Announcement for PLC

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")

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 ("HCBL") BY HSC BIRMINGHAM HOLDING LIMITED ("HSC BIRMINGHAM"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HSCB TO LEI SHING HONG CAPITAL LIMITED ("LSHCL") ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of HSCB (“Board”), CIMB Investment Bank Berhad (“CIMB”) wishes to announce that on 27 May 2022, HSC Birmingham has entered into a shares sale agreement with LSHCL for the proposed disposal of 50,000,001 ordinary shares  representing 100% of the issued and paid-up share capital of HCBL (“Sale Shares”) for a cash consideration of British Pound Sterling (“£” or “GBP”) 127,800,000.

 

Further details of the Proposed Disposal are set out in the attachment.

 

This announcement is dated 27 May 2022.


Please refer attachment below.


Announcement Info

Company Name HAP SENG CONSOLIDATED BERHAD
Stock Name HAPSENG
Date Announced 27 May 2022
Category General Announcement for PLC
Reference Number GA1-27052022-00036


Related Announcements for HAPSENG
Date Title
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")
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