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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ACQUISITION OF 66,889,940 ORDINARY SHARES IN MAGNA PRIMA BERHAD (MPB), REPRESENTING APPROXIMATELY 20.12% OF THE EQUITY INTEREST IN MPB FOR A TOTAL CONSIDERATION OF RM123,746,389 TO BE SATISFIED VIA CASH (ACQUISITION)

HUA YANG BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ACQUISITION OF 66,889,940 ORDINARY SHARES IN MAGNA PRIMA BERHAD (MPB), REPRESENTING APPROXIMATELY 20.12% OF THE EQUITY INTEREST IN MPB FOR A TOTAL CONSIDERATION OF RM123,746,389 TO BE SATISFIED VIA CASH (ACQUISITION)

Reference is made to the announcements dated 19 April 2017, 27 April 2017, 23 May 2017, 24 May 2017 and 8 June 2017 in relation to the Acquisition (“Announcements”). Unless otherwise stated, the definitions used throughout this announcement are the same as those previously defined in the Announcements.

On behalf of the Board of Directors of Hua Yang Berhad, AmInvestment Bank Berhad wish to announce that the Acquisition has been completed on 19 June 2017 in accordance with the terms of the MPB SSA.

This announcement is dated 19 June 2017.






Announcement Info

Company Name HUA YANG BERHAD
Stock Name HUAYANG
Date Announced 19 Jun 2017
Category General Announcement for PLC
Reference Number GA1-19062017-00098


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