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Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

BackMar 22, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

QL RESOURCES BERHAD (QL OR THE COMPANY) DISPOSAL OF EQUITY INTEREST IN QL KK PROPERTIES SDN. BHD. (QLKK) A WHOLLY OWNED SUBSIDIARY OF QL FEEDINGSTUFFS SDN. BHD. (QLF) TO A RELATED PARTY NAMELY RUBY TECHNIQUE SDN. BHD. (RT) FOR A CASH CONSIDERATION OF RM11,824,750

Further to the announcement released on 17 March 2017, the Board of Directors of QL wishes to provide additional information in regard to the Share Sale Agreement ("SSA") entered by its wholly owned subsidiary, QL Feedingstuffs Sdn. Bhd. with a related party namely, Ruby Technique Sdn. Bhd. to dispose approximately 61.97% equity interest in QL KK Properties Sdn. Bhd. comprising of 2,330,000 ordinary shares ("QLKK Shares") for a cash consideration of RM11,824,750 (the "Disposal").

Please refer to the attachment for further details.

This announcement is dated 22 March 2017.

 

 


Announcement Info

Company Name QL RESOURCES BERHAD
Stock Name QL
Date Announced 22 Mar 2017
Category General Announcement for PLC
Reference Number GA1-22032017-00001

Attachments

  1. Add_info-RPT.pdf (Size: 84,955 bytes)