Document Submission
04/06/2021Circular/Notice to Shareholders
| XIN HWA HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I.) PROPOSED DISPOSAL BY XIN HWA TRADING & TRANSPORT SDN BHD ("XHTT" OR THE ("VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") OF 2 PIECES OF LEASEHOLD INDUSTRIAL LAND KNOWN AS PLO 823 AND PLO 828, PASIR GUDANG INDUSTRIAL AREA (ALSO KNOWN AS KAWASAN PERINDUSTRIAN PASIR GUDANG), BOTH LOCATED IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR, AND THE BUILDINGS ERECTED THEREON TOGETHER WITH THE FIXTURES AND FITTINGS ATTACHED THERETO (COLLECTIVELY, THE "SUBJECT PROPERTIES"), TO RHB TRUSTEES BERHAD ACTING AS THE TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") ("RHB TRUSTEES" OR THE "PURCHASER"), FOR A TOTAL DISPOSAL CONSIDERATION OF RM75.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL"), AND THE SUBSEQUENT LEASEBACK OF THE SUBJECT PROPERTIES BY XHTT (II.) PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF XHH (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME ("PROPOSED ESOS") & (III.) PROPOSED ALLOCATION OF ESOS OPTIONS TO THE DIRECTORS OF THE COMPANY |
Please refer attachment below.
Attachments |
Announcement Info
| Company Name | XIN HWA HOLDINGS BERHAD |
| Stock Name | XINHWA |
| Date Announced | 04 Jun 2021 |
| Category | Document Submission |
| Reference Number | DCS-04062021-00003 |
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