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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS BONIA COPORATION BERHAD ("BONIA" OR "COMPANY") PROPOSED DISPOSAL BY BONIA TO MR. CHIANG SANG SEM ("MR. CHIANG" OR "PURCHASER") OF ITS ENTIRE EQUITY INTEREST IN MAHA ASIA CAPITAL SDN BHD ("MAHA ASIA"), A WHOLLY-OWNED SUBSIDIARY OF BONIA ("PROPOSED DISPOSAL")

BONIA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
BONIA COPORATION BERHAD ("BONIA" OR "COMPANY") 

PROPOSED DISPOSAL BY BONIA TO MR. CHIANG SANG SEM ("MR. CHIANG" OR "PURCHASER") OF ITS ENTIRE EQUITY INTEREST IN MAHA ASIA CAPITAL SDN BHD ("MAHA ASIA"), A WHOLLY-OWNED SUBSIDIARY OF BONIA ("PROPOSED DISPOSAL")

This announcement is dated 8 October 2019 (“Announcement”).

 

We refer to the announcement made on 8 May 2018, 15 May 2018, 9 August 2018, 4 October 2018 and 5 April 2019 in relation to the Proposed Disposal (“Earlier Announcements”).  Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

On behalf of the Board of Directors of the Company, AmInvestment Bank Berhad wishes to announce that the parties have on 8 October 2019 entered into a Deed of Termination (“Deed”) to terminate the SSA.  The deposit of RM249,099.01, being the sum equivalent to 10% of the Purchase Price paid by the Purchaser to the Vendor shall be refunded to the Purchaser free of interest simultaneously with the execution of the Deed.

 

The parties have mutually agreed to the termination of the SSA (subject to the terms and conditions contained in the Deed) as certain CPs in the SSA have not been fulfilled.






Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 08 Oct 2019
Category General Announcement for PLC
Reference Number GA1-08102019-00059




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