Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
QL RESOURCES BERHAD (QL OR THE COMPANY) DISPOSAL OF THE REMAINING 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 RM7,257,250
Further to the announcements made on 17 March 2017 and 22 March 2017, the Board of Directors of QL, wishes to announce that on 29 March 2017, QLF has entered into another Share Sale Agreement with its related party, RT to further dispose of approximately 38.03% equity interest being the remaining shares in QLKK comprising of 1,430,000 ordinary shares for a cash consideration of RM7,257,250.
Please refer to the attachment for further details.
This announcement is dated 29 March 2017.
Please refer attachment below.
|Company Name||QL RESOURCES BERHAD|
|Date Announced||29 Mar 2017|
|Category||General Announcement for PLC|
- Announcement-Disposal_of_the_remaining_QLKK_shares.pdf (Size: 79,053 bytes)