General Announcement for PLC
21/08/2015TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WINTONI GROUP BERHAD ("WINTONI" OR "THE COMPANY") - PROPOSED DISPOSALS OF THE COMPANY OF ITS ENTIRE EQUITY INTEREST IN SHANGHAI WINNER ELECTRICAL CO., LTD. ("WINNER") AND SHANGHAI WINCO ELECTRICAL CO., LTD. ("WINCO") TO CASUARINA ADMINISTRATION INC. FOR A TOTAL CASH CONSIDERATION OF RM250,000
| WINTONI GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | WINTONI GROUP BERHAD ("WINTONI" OR "THE COMPANY")
- PROPOSED DISPOSALS OF THE COMPANY OF ITS ENTIRE EQUITY INTEREST IN SHANGHAI WINNER ELECTRICAL CO., LTD. ("WINNER") AND SHANGHAI WINCO ELECTRICAL CO., LTD. ("WINCO") TO CASUARINA ADMINISTRATION INC. FOR A TOTAL CASH CONSIDERATION OF RM250,000 |
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The Board of Directors of WINTONI wishes to announce that the Company had on 21 August 2015 entered into two (2) Ownership Transfer Agreements (“OTAs”) with Casuarina Administration Inc. (“Purchaser” or “CAI”), wherein Wintoni shall sell and CAI shall purchase the entire equity interests in Winner and Winco, for an aggregate cash consideration of RM250,000 (“Disposal Consideration”) (“Proposed Disposals”).
The details of the announcement are set out in the attached file.
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Please refer attachment below.
Attachments
(5) Attachment-WGB disposal.pdf
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Announcement Info
| Company Name | WINTONI GROUP BERHAD |
| Stock Name | WINTONI |
| Date Announced | 21 Aug 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21082015-00071 |
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