General Announcement for PLC

24/03/2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY") PROPOSED ACQUISITION OF 5,001 ORDINARY SHARES IN YIWUGOU ECOMMERCE SDN BHD ("YESB"), REPRESENTING 50.01% OF THE EQUITY INTEREST IN YESB BY XHH FOR A TOTAL CASH CONSIDERATION OF RM500,000.00

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY")

PROPOSED ACQUISITION OF 5,001 ORDINARY SHARES IN YIWUGOU ECOMMERCE SDN BHD ("YESB"), REPRESENTING 50.01% OF THE EQUITY INTEREST IN YESB BY XHH FOR A TOTAL CASH CONSIDERATION OF RM500,000.00

The Board of Directors of XHH wishes to announce that the Company had today entered into a share sale agreement (“SSA”) with Dato’ Soo Boon Meng, Lee Joo Pin and Soo Kok Hwa to acquire 5,001 ordinary shares, representing 50.01% of the equity interest in Yiwugou Ecommerce Sdn. Bhd. for a total cash consideration of RM500,000.00.

Please refer to the attached announcement for further information on the aforesaid.

This announcement is dated 24 March 2017.


Please refer attachment below.


Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 24 Mar 2017
Category General Announcement for PLC
Reference Number GA1-24032017-00045


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