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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR THE "COMPANY") PROPOSED DISPOSAL

ASIA POLY HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR THE "COMPANY")

PROPOSED DISPOSAL

On behalf of the Board of Directors of Asia Poly ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company had on 23 March 2023 entered into a conditional share sale agreement with Cyprium Capital Sdn Bhd, a wholly-owned subsidiary of Ta Win Holdings Berhad, for the proposed disposal of the entire 15% equity interest in Cyprium Wire Technology Sdn Bhd for a disposal consideration of RM12.00 million to be satisfied entirely in cash ("Proposed Disposal").

Further details of the Proposed Disposal are set out in the attachment enclosed.

 

This announcement is dated 23 March 2023.




Please refer attachment below.

Attachments

Asia Poly_Proposed Disposal.pdf
217.0 kB



Announcement Info

Company Name ASIA POLY HOLDINGS BERHAD
Stock Name ASIAPLY
Date Announced 23 Mar 2023
Category General Announcement for PLC
Reference Number GA1-23032023-00047



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