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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SPRING ART HOLDINGS BERHAD ("SPRING" OR "THE COMPANY") ACQUISITION OF MACHINERIES BY SPRING ART INDUSTRIES SDN. BHD., A WHOLLYOWNED SUBSIDIARY OF SPRING FROM HOMAG ASIA PTE LTD

SPRING ART HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SPRING ART HOLDINGS BERHAD ("SPRING" OR "THE COMPANY")
ACQUISITION OF MACHINERIES BY SPRING ART INDUSTRIES SDN. BHD., A WHOLLYOWNED SUBSIDIARY OF SPRING FROM HOMAG ASIA PTE LTD

The Board of Directors of SPRING (“Board”) wishes to announce that Spring Art Industries Sdn. Bhd. (“SAISB” or “Purchaser”), a wholly-owned subsidiary of SPRING, had on 8 September 2021 accepted a proforma invoice from Homag Asia Pte Ltd (“HOMAG” or “Vendor”) to acquire machineries for Factory C (“the Machineries”) at a total consideration of EUR3,300,500, which is approximately RM16,502,500 (“Consideration”) (“Acquisition”).

 

Please refer to the attachment for further details.

 

This announcement is dated 24 September 2021.

 




Please refer attachment below.



Announcement Info

Company Name SPRING ART HOLDINGS BERHAD
Stock Name SPRING
Date Announced 24 Sep 2021
Category General Announcement for PLC
Reference Number GA1-22092021-00050




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