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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TA WIN HOLDINGS BERHAD ("TA WIN" OR "THE COMPANY") - PROPOSED DISPOSAL BY TA WIN COPPER BIOHEALTH SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF THE ENTIRE ORDINARY SHARES HELD BY IT IN ROYCE PHARMA MANUFACTURING SDN. BHD., TO POLY LABORATORIES SDN. BHD. AND JELITA SERBANEKA SDN. BHD. FOR A TOTAL CONSIDERATION OF RM20,850,000.00 TO BE SATISFIED BY CASH

TA WIN HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TA WIN HOLDINGS BERHAD ("TA WIN" OR "THE COMPANY")
- PROPOSED DISPOSAL BY TA WIN COPPER BIOHEALTH SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF THE ENTIRE ORDINARY SHARES HELD BY IT IN ROYCE PHARMA MANUFACTURING SDN. BHD., TO POLY LABORATORIES SDN. BHD. AND JELITA SERBANEKA SDN. BHD. FOR A TOTAL CONSIDERATION OF RM20,850,000.00 TO BE SATISFIED BY CASH

The Board of Directors of Ta Win wishes to announce that Ta Win Copper Biohealth Sdn. Bhd. [Registration No.: 202001028493 (1384813-T)], a wholly-owned subsidiary of Ta Win, had on 16 June 2022 entered into a Share Sale Agreement with Poly Laboratories Sdn. Bhd. [Registration No.: 198901005904 (183209-X)] and Jelita Serbaneka Sdn. Bhd. [Registration No.: 201501025756 (1151079-K)] for the disposal of Three Million Eight Hundred Ninety Seven Thousand One Hundred and Ninety Seven (3,897,197) ordinary shares of the issued share capital of Royce Pharma Manufacturing Sdn. Bhd. [Registration No.: 200401011932 (650435-X)], for a total disposal consideration of Ringgit Malaysia Twenty Million Eight Hundred and Fifty Thousand (RM20,850,000.00) Only.


Please refer to the attachment for further information.

 

This announcement is dated 16 June 2022.




Please refer attachment below.



Announcement Info

Company Name TA WIN HOLDINGS BERHAD
Stock Name TAWIN
Date Announced 16 Jun 2022
Category General Announcement for PLC
Reference Number GA1-16062022-00015




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