General Announcement for PLC
04/02/2016TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF TAKASO SC (THAILAND) LIMITED, A WHOLLY- OWNED SUBSIDIARY OF O&C RESOURCES BERHAD
O&C RESOURCES BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | DISPOSAL OF TAKASO SC (THAILAND) LIMITED, A WHOLLY- OWNED SUBSIDIARY OF O&C RESOURCES BERHAD |
Reference is made to the announcement of the Company issued on 2 October 2015 in relation to a conditional Letter of Intent dated 22 September 2015 from Lay Hong Berhad (“LHB”) to consider acquiring from the Company, 200,000 ordinary shares of THB100 each in Takaso SC (Thailand) Limited ("TSC") (the “Sale Shares”) being the entire issued and paid-up share capital of TSC. The Board of Directors of O&C Resources Berhad wishes to announce that the Company and its nominees, who held the Sale Shares in trust, had on 4 February 2016 entered into a Shares Sale Agreement with LHB for the disposal of the Sale Shares for a cash consideration of RM8,500,000.00. Please refer to the attached file for details of the announcement. This announcement is dated 4 February 2016. |
Please refer attachment below.
Attachments
OCR-SSA on Disposal of TSC.pdf
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Announcement Info
Company Name | O&C RESOURCES BERHAD |
Stock Name | OCR |
Date Announced | 04 Feb 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-03022016-00047 |