General Announcement for PLC

30/03/2017

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

(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcement dated 24 March 2017, where applicable, unless stated otherwise or defined herein)

 

Reference is made to the announcement dated 24 March 2017 in relation to the Proposed Acquisition.

 

The Board wishes to announce that in accordance with the terms of the SSA, the Proposed Acquisition has been completed as of 30 March 2017 as mutually agreed between XHH and the Vendors following all the conditions precedent have been fulfilled or waived and the Proposed Acquisition have become unconditional.

 

This announcement is dated 30 March 2017.



Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 30 Mar 2017
Category General Announcement for PLC
Reference Number GA1-30032017-00077


Related Announcements for XINHWA
Date Title
27/07/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. ACQUISITION; AND II. DIVERSIFICATION
09/06/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
24/05/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
10/05/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
01/04/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
21/10/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") DISPOSAL BY XIN HWA TRADING & TRANSPORT SDN BHD ("XHTT" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF XHH OF THE SUBJECT PROPERTIES (AS DEFINED HEREIN) 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 RM75,000,000 TO BE SATISFIED ENTIRELY IN CASH, AND THE SUBSEQUENT LEASEBACK OF THE SUBJECT PROPERTIES BY XHTT
15/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") 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 ("ESOS")
04/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
27/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
09/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT