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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FARLIM GROUP (MALAYSIA) BHD (FARLIM OR THE COMPANY) DISPOSAL BY BANDAR SUBANG SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FARLIM, OF ITS INVESTMENT IN THE ENTIRE 100% REGISTERED CAPITAL OF FARLIM TRADING (SHANDONG) CO. LTD. TO SUMMER SALUTE SDN. BHD. FOR A TOTAL CONSIDERATION OF RM11,500,000.00

FARLIM GROUP (MALAYSIA) BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
FARLIM GROUP (MALAYSIA) BHD (FARLIM OR THE COMPANY) 
DISPOSAL BY BANDAR SUBANG SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FARLIM, OF ITS INVESTMENT IN THE ENTIRE 100% REGISTERED CAPITAL OF FARLIM TRADING (SHANDONG) CO. LTD. TO SUMMER SALUTE SDN. BHD. FOR A TOTAL CONSIDERATION OF RM11,500,000.00

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.






Announcement Info

Company Name FARLIM GROUP (MALAYSIA) BHD
Stock Name FARLIM
Date Announced 08 Sep 2022
Category General Announcement for PLC
Reference Number GA1-08092022-00010




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