General Announcement for PLC
Reference No.: GA1-14042022-00032
Date Announced: 17 May 2022
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | DISPOSAL (THE “DISPOSAL”) OF PROPERTY BY CSC STEEL SDN. BHD. (“CSCM” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF CSC STEEL HOLDINGS BERHAD (“CHB” OR THE “COMPANY”), TO TASHIN HARDWARE SDN. BHD. (“THSB” OR “PURCHASER”), A SUBSIDIARY OF TASHIN HOLDINGS BERHAD. |
(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcement.)
Reference is made to the Company’s announcement dated 23 April 2021 and 21 January 2022.
The Board of Directors of CHB wishes to announce that Tashin Hardware Sdn. Bhd. (“THSB” or “Purchaser”), a subsidiary of Tashin Holdings Berhad has made the balance 90% of the consideration amounting to RM39.15 million being the full settlement to CSC Steel Sdn. Bhd. (“CSCM” or “Vendor”) in relation to the Disposal. Upon receiving the full settlement, the Disposal is deemed completed.
This announcement is dated 17 May 2022.