Further to our announcement dated June 23, 2022, Farlim wishes to announce that the Company has been informed that the disposal by Bandar Subang Sdn Bhd, a wholly-owned subsidary of Farlim, of its investment in the entire 100% Registered Capital of United States Dollars Three Million (US$3,000,000.00) of Farlim Trading (Shandong) Co. Ltd. had been registered in favour of Summer Salute Sdn. Bhd. on September 7, 2022.
Accordingly, the said disposal had been completed on September 7, 2022 in accordance with the provisions of the Share Sale Agreement dated June 23, 2022.
This announcement is dated September 8, 2022.