News

Proposed Acquisition of The 880,000 Ordinary shares of RM1.00 Each Representing 20% of Shares Issued And Paid-up Share Capital Of QL Rawang poultry Farm Sdn. Bhd. (formerly: Ansan Poultry Farm Sdn. Bhd.)

Back24 Oct 2008
Date Announced
:
 24/10/2008  
     
Type
:
 Announcement
Subject
:
Proposed acquisition of the 880,000 ordinary shares of RM1.00 each representing 20% of shares issued and paid-up share capital of QL Rawang Poultry Farm Sdn. Bhd. (Formerly: Ansan Poultry Farm Sdn. Bhd.)

Contents
:
Further to the announcement on 23 October 2008, please be informed that the purchase consideration for the proposed acquisition was derived at on a willing buyer-willing seller basis based on unaudited adjusted NTA of QLRPF amounting to RM7.38 million as at 31 August 2008. Hence, the 20% portion is equivalent to RM1.476 million.

Additionally, Mr Tan Eng Hai is a Director of HLPF & QLRPF and a shareholder of QLRPF. None of the other Directors, major shareholders of QL and/or persons connected to them is interested in the proposed acquisition.